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Sri Lankan Parliament to debate China-backed Port City Bill next week ANI | Updated: May 14, 2021 11:08 IST This comes after a Committee on Parliamentary Business decided to convene the Parliament from May 18 to May 20 in line with the Covid 19 health regulations, Colombo Page reported. Amid criticism from opposition parties, Sri Lanka has unveiled a contentious draft law for a Colombo Port City Commission which allows for sweeping tax breaks, tax-free salaries and be an offshore financial centre. The USD 1.4-billion Colombo Port City project is slated to be the single largest private sector development in Sri Lanka. There have been concerns about Beijing seeking to increase its footprint in the country through contentious infrastructure projects.

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