Frozen and Marvel attractions planned in HK$11 billion Hong Kong Disneyland expansion

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

source: scmp

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