The Walt Disney Corporation is to invest US$452m to expand its Hong Kong theme park, according to Reuters.
Donald Tsang, the chief executive (head of government) of Hong Kong, reportedly said that the country would not invest any more capital in the joint venture but would convert “a substantial part of its loan to the project into equity”.
The expansion will consist of the 30 new attractions in three new lands, two of which will be exclusive to Hong Kong Disneyland for five years.
Reuters said the first area will take three years to complete and the next two will begin over the following two years with the entire expansion set for completion in 2014.
