2021-05-21 01:05:19 GMT2021-05-21 09:05:19(Beijing Time) Xinhua English
COLOMBO, May 21 (Xinhua) The Parliament of Sri Lanka has on Thursday passed the Port City Economic Commission Bill with 149 votes in favour and 58 against, local media reported.
The Port City bill officially declares 269 hectares of land reclaimed from the ocean and annexed to the city of Colombo as Sri Lanka s first special economic zone (SEZ) for services-oriented industries.
Under the bill, a President-appointed commission will be established to govern the SEZ. The new law will enable the businesses to operate in any recognized foreign currency within Port City.
After the Port City bill was tabled in parliament on April 8, 19 petitions were filed with the Supreme Court of Sri Lanka. The Supreme Court s ruling was delivered to the parliament on Tuesday, saying that the bill could be passed with a simple majority provided key clauses be amended to confirm with the country s constitution.
Sri Lankan Parliament passes Port City bill
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Colombo, May 21 : The Sri Lanka Parliament has passed the Port City Economic Commission Bill, which officially declares 269 hectares of land reclaimed from the ocean and annexed to the city of Colombo as the country s first special economic zone (SEZ) for services-oriented industries.
The bill was passed on Thursday with 149 votes in favour and 58 against, reports Xinhua news agency.
Sri Lanka parliament passes bill on Port City project, undertaken by Chinese firm thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.