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NEWS
Ocean Park secures HK$5.5bn for revamp
POSTED 16 Jun 2006 . BY
Hong Kong theme park Ocean Park has secured financing for its HK$5.5bn (£384m, US$708m, 562m euro) redevelopment project.

The scheme, which will see the park split into two distinct areas, the Waterfront – formerly the Lowland – and The Summit – formerly the Headland, has arranged HK$4.2bn (£293m, US$541m, 429m euro) in loan facilities from commercial banks and a further HK$1.4bn (£98m, US$180m, 143m euro) loan from the Hong Kong SAR government.

Work on the park, which will double the number of attractions from 35 to more than 70, is set to begin later this year and take between five and six years to complete. The park will remain open throughout.

The Waterfront will consist of three themed zones: Aqua City, which will house the Ocean Park Grand Aquarium complex; Birds of Paradise, a tropical area; and Whiskers Harbour, where families can find Ocean Parks’ signature characters.

The Summit will showcase animals and entertainment from four different global climate zones: Marine World, Rainforest, Thrill Mountain and Polar Adventure.

The project is expected to bring economic benefits of between HK$40-80bn (£2.8-5.6bn, US$5.2-10.3bn, 4-8.2bn euro) over the next 40 years and create 11,300-12,800 jobs by 2021/22.

Allan Zeman, chair of Ocean Park, said: “For the past 29 years, Ocean Park has delighted, stimulated and created enormous joy for its millions of visitors from around the world. We are proud to see Ocean Park grow into a landmark destination, becoming the pride of Hong Kong as one of the top theme parks in the world. The new Ocean Park will also continue to promote conservation and environmental education.

“We are committed to delivering on our promise to build a world-class, state-of-the-art marine-based theme park, which will position Hong Kong as a global tourist hub. We want all Hong Kong people to be proud of their homegrown Ocean Park.”

MORE NEWS
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
+ More news   
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NEWS
Ocean Park secures HK$5.5bn for revamp
POSTED 16 Jun 2006 . BY
Hong Kong theme park Ocean Park has secured financing for its HK$5.5bn (£384m, US$708m, 562m euro) redevelopment project.

The scheme, which will see the park split into two distinct areas, the Waterfront – formerly the Lowland – and The Summit – formerly the Headland, has arranged HK$4.2bn (£293m, US$541m, 429m euro) in loan facilities from commercial banks and a further HK$1.4bn (£98m, US$180m, 143m euro) loan from the Hong Kong SAR government.

Work on the park, which will double the number of attractions from 35 to more than 70, is set to begin later this year and take between five and six years to complete. The park will remain open throughout.

The Waterfront will consist of three themed zones: Aqua City, which will house the Ocean Park Grand Aquarium complex; Birds of Paradise, a tropical area; and Whiskers Harbour, where families can find Ocean Parks’ signature characters.

The Summit will showcase animals and entertainment from four different global climate zones: Marine World, Rainforest, Thrill Mountain and Polar Adventure.

The project is expected to bring economic benefits of between HK$40-80bn (£2.8-5.6bn, US$5.2-10.3bn, 4-8.2bn euro) over the next 40 years and create 11,300-12,800 jobs by 2021/22.

Allan Zeman, chair of Ocean Park, said: “For the past 29 years, Ocean Park has delighted, stimulated and created enormous joy for its millions of visitors from around the world. We are proud to see Ocean Park grow into a landmark destination, becoming the pride of Hong Kong as one of the top theme parks in the world. The new Ocean Park will also continue to promote conservation and environmental education.

“We are committed to delivering on our promise to build a world-class, state-of-the-art marine-based theme park, which will position Hong Kong as a global tourist hub. We want all Hong Kong people to be proud of their homegrown Ocean Park.”

MORE NEWS
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
+ More news   
 
COMPANY PROFILES
TechnoAlpin

TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
DJW

David & Lynn Willrich started the Company over thirty years ago, from the Audio Visual Department [more...]
IDEATTACK

IDEATTACK is a full-service planning and design company with headquarters in Los Angeles. [more...]
Vekoma Rides Manufacturing B.V.

Vekoma Rides has a large variety of coasters and attractions. [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


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Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
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