Recently, the Sri Lankan Parliament 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.
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Sri Lanka is on a highway to becoming a Chinese colony. It began with the Hambantota Port and has now spilled into the port city of Colombo. Both are strategic assets, one of which is already under Chinese control. The other could soon follow if the government has its way.
The Colombo port city is a special financial zone being built next to Colombo, mostly on land reclaimed from the sea. They are calling it the next Dubai and it is being touted as a city from the future.
The Colombo port bill is a deeply flawed legislation. The bill wants to create a seven-member commission to administer the port city. This would be an all-powerful commission which would control everything from taxation to approving new projects and investments.
