UNP to file legal action

The main argument of the party is that the legislation will affect the sovereignty of the nation as it creates a separate administration

UNP is to file legal action against the proposed Colombo Port City Economic Commission Bill, party sources said.

UNP Chairman Vajira Abeywardana and General Secretary Palitha Range Bandara are to file action against the new legislation on behalf of the party according to sources.

“The main argument of the party is that the legislation will affect the sovereignty of the nation as it creates a separate administration. In addition, the party is opposed to excessive tax concessions, setting up of offshore economic centres, allowing of money laundering with the Colombo Port City and long tax holidays.

Legal action will be taken following the advice of Party leader Ranil Wickremesinghe according to sources.

The Bill to establish Colombo Economic Port City Commission was presented to Parliament last week. As per the law, a time period of two weeks are given for the public to file objections against the Bill.

As per the Bill, the fivemember commission will be appointed by the President. In making this appointment, consideration shall be afforded to ensure that such members possess relevant knowledge, expertise and experience and national, international recognition in the fields of investment, finance, law, information, technology, engineering, business or accountancy. President shall appoint one member from the five members as the Chairperson of the commission.