Hong Kong Disneyland is seeking to boost business with a HK$10.9 billion expansion – more than half of which will be funded by taxpayers – featuring, in a global first, zones based on themes from its blockbuster Frozen and Marvel superhero films.
The six-year mega upgrade will see the park increase its attractions from 110 to 130 between 2018 and 2023, and is expected to create 5,000 to 8,000 jobs across the tourism industry.
As the Lantau theme park’s largest shareholder, the government will inject HK$5.8 billion – subject to Legislative Council approval – while the rest will be covered by the Walt Disney Company.
Commerce Minister Greg So Kam-leung played down concerns about the difficulty in securing funding from a deeply divided legislature, insisting it was “the right time” to expand for the sake of long-term tourism development. So urged lawmakers to look at the “big picture” and approve the spending of public money.
“The capital injection by the government for the expansion and development plan will be capped at HK$5.8 billion,” he said. “[Disney] is confident that the works will be completed within budget.”..see more