40-yr tax relief for Chinese-built port city
Crisis-hit Sri Lanka has decided to give special 40-year tax relief for Chinese-built Colombo Port city to attract potential investors as the island nation's largest foreign direct investment failed to attract investments after the much-touted project opened for nearly one year.
Cabinet spokesperson Bandula Gunawardana during a weekly Cabinet briefing said that the Cabinet had decided to offer the concessions to draw more investments to the Port City, the Economy Next reported (PTI).
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