The Hong Kong government has approved in principle a HK$10.9 billion (US$1.41 billion) expansion plan for Hong Kong Disneyland.
The government will inject HK$5.8 billion in accordance with its shareholding ratio. Walt Disney Co. will pick up the rest of the cost, RTHK reports.
The new attractions will feature rides linked to two Hollywood blockbusters – Frozen and Marvel’s Superheroes.
The Secretary for Commerce and Economic Development, Greg So, said the project will start in 2018 and is expected to be completed in 2023.
It will include new live shows and attractions.
“We need to move forward. This is a very attractive plan. This is achieved by, after years and months of discussion with the Disney company to think about the best possible proposal, the most updated version of all these characters, the excitement that will be bringing to Hong Kong and the economic benefit that I’ve laid out. It speaks for itself,” he said.
He said the plan will hopefully make Hong Kong more attractive as a tourist destination. The government will ask the Legislative Council for funding later.
The government will brief the Legco’s Panel on Economic Development about the expansion plan on Monday.
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