according to a chinese newspaper ETNET HK and Yahoo News:
The Tourism Commissioner has revealed that 2nd Disney Theme Park(Phase 2 expansion) is on the agenda. Reclamation for the 2nd park(Phase 2 expansion) would be completed by 2008.
She expressed confidence in HKDL to achieve its 1st year attendance target and it is quite evident that the HK government need to consider the phase 2 development.
Source: ETNET HK/Yahoo News (in chinese)