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Wednesday, February 25, 2015, 13:56

Phase II of HK Disneyland Resort to be developed

By Xinhua

HONG KONG - Hong Kong's Financial Secretary John Tsang said Wednesday in his budget speech that Hong Kong Special Administrative Region government will discuss with the Walt Disney Company the Phase II development of Hong Kong Disneyland Resort.

Tsang said Phase II will cover an estimated area of 60 hectares, similar in size to Phase I, with attractions, hotel development and retail facilities.

Tsang said new hotel projects in Hong Kong Disneyland, Ocean Park and the airport's North Commercial District will come on stream, providing more than 2,200 rooms.

"Ocean Park has also invited expressions of interest for the development of the proposed Fisherman's Wharf Hotel," he said.

"The construction of the 'Iron Man Experience' in Hong Kong Disneyland and the waterpark at Tai Shue Wan in Ocean Park is expected to be completed in 2016-17. The new Central harbourfront will add new elements to the renowned scenic views of Victoria Harbour, " said Tsang.

Tsang said that in addition to sightseeing facilities such as the Observation Wheel, a variety of carnivals, exhibitions and open-air concerts will be organized from time to time.

Tsang said the tourism sector, that made up five percent of the GDP and employed 270,000 people, had been driving the growth of many industries.

"In 2014, visitors to Hong Kong exceeded 60 million, an increase of 12 percent over last year. Total spending went up by nine percent to more than HK$350 billion," Tsang added.  

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