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Colombo Port City: China OBOR in Sri Lanka A Chinese-funded tax-free enclave billed as Sri Lanka’s answer to Dubai and Singapore cleared the final legal hurdle on Tuesday as the Supreme Court in Colombo ruled it could go ahead with only minor tweaks. The largest single foreign investment in Sri Lanka is one of several massive Asian infrastructure projects funded by China as Beijing increases its regional footprint. Sri Lanka’s top court rejected 19 petitions challenging the

Sri Lanka passes bill on China backed Colombo Port city

Sri Lanka passes bill on Laws governing China-backed Colombo Port city The Sri Lankan Parliament on Thursday passed a controversial Bill on laws governing the China-backed Colombo Port City, with a majority of 149 legislators — in the 225-member House — voting in its favour. The development comes after the Supreme Court suggested certain amendments, following over a dozen petitions challenging the Bill that political opposition and civil society groups said “directl