Chief Executive: The Government and the Walt Disney Company have reached an agreement on the expansion of Hong Kong Disneyland and the relevant financial arrangements.
The expansion plan will boost the number of “theme areas” from four to seven. The new attractions will come on stream in phases over the next five years.
The agreement also deals with the financial arrangements. The Walt Disney Company will contribute about $3.5 billion new capital as equity for the expansion. It will also enhance the transparency of the park’s operation in future.
Hong Kong Disneyland is a major tourism infrastructure of Hong Kong. Its expansion will bring significant benefits to our tourism industry and to the overall economy. During construction, the project will create more than 3,000 jobs and in full operation it will then provide 600 more permanent employment opportunities.
Source: GovHK (www.gov.hk)
