Shanghai Disneyland phase one to cost US$3.7bn
Published on Mar 9, 2011
Phase one of the Shanghai Disneyland project will cost CNY24.5 billion (US$3.7 billion), the city’s Mayor, Han Zheng, has confirmed. Local media reported Han as stating the fi gure while attending China’s annual parliamentary session in Beijing. “I have read some media reports about the Disneyland investment, but they were incorrect… The approved investment for the first phase of the Disneyland project is CNY24.5 billion,” the Shanghai Daily quoted the mayor as saying. Scheduled to open in the city’s Pudong New Area 2015, Shanghai Disneyland will cover up to 2.74km². Construction is expected to begin in May.