Sri Lanka OKs commission to oversee Chinese-built port city- 290 kms from Indias border

shockedcanadian

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Aug 6, 2012
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China move into Sri Lanka and is building a city on their sea. Chinese bankers will own this piece of luxury land designed to be a little colony with luxury buildings and 80,000 wealthy enjoying their new home.

There will be plenty of Chinese ships in the Indian Sea now, quite able to keep an eye on India and India will have no recourse.

Another global coup for China who understands that the global war is primarily won via economics, soft power and controlling trade routes/land, not through hardware. That is their last resort once their enemy is encircled and weakened, something China spends billions of dollars on doing to their enemies in shaping their enemies domestic policies.


Sri Lanka’s Parliament on Thursday passed a law installing a powerful economic commission to administer a huge Chinese luxury oceanside development after altering elements of the bill ruled unconstitutional by the country’s top court.

The bill to create the Colombo Port City Economic Commission passed with a 149-58 vote in Sri Lanka's 225-member Parliament.


The CHEC Port City Colombo company, a unit of China Communications Construction Company, invested $1.4 billion for reclamation of land and construction of infrastructure adjacent to the Port of Colombo.


In return, it obtained the right to use 62 hectares (153 acres) of marketable land on a 99-year lease from the Sri Lankan government, according to the project’s website. The planned project includes an integrated resort and casino and conference center zone, a marina, residential developments, a financial zone and green spaces.

The project has raised concerns in Sri Lanka and neighboring India that the development could become a virtual Chinese outpost or colony.
 
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Stupid humans spend more time, effort and energy undermining their neighbors than developing miracles for human benefit.
 

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