Shanghai to resume building Disneyland theme park after 2010 - report
December 02, 2007: 11:35 PM EST
Dec. 2, 2007 (Thomson Financial delivered by Newstex) -- BEIJING (XFN-ASIA) - Shanghai will resume building its Disneyland (NYSE-DCQ) (NYSE-DIS) theme park after 2010, the China Business Journal reported citing sources.
A source was quoted as saying that total investment in the projected theme park will also increase to 40 bln yuan from the previous 30 bln yuan.
The park is expected to be located on Chongming island instead of the original plan to build it in Shanghai's Chuansha district, the source said.
The Disneyland them park project was suspended due in part to fallout from the Shanghai pension fund scandal last year.