HKDL gets new castle, frozen land and marvel land.

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The one except being the three land expansion of Grizzly Gulch, Mystic Point and Toy Story Land. These were paid for 100% by Disney as a sort of makeup for under building the park. It also increased Disney’s stake in the joint venture.

Both the SAR government and Disney funded the three-land expansion in 2009

 

[BrianLo]

Both the SAR government and Disney funded the three-land expansion in 2009

Government announces expansion plan for Hong Kong Disneyland (with video)

On the financing arrangement, TWDC will contribute all the necessary new capital (estimated to be about $3.5 billion) for the construction of the new themed areas as well as for sustaining the park’s operation during the construction years. It will also convert the entire outstanding balance (projected to be $2.76 billion) of its loan to the joint venture to equity.

The Government will not inject any new capital into the expansion plan. Mrs Lau said: “The Government has already made significant contribution towards the development and operation of HKD thus far. However, as a contribution to deleverage the joint venture, the Government is prepared to convert a substantial part of its loan to equity, retaining a balance of not less than $1 billion. The loan-to-equity conversion is subject to approval by the Finance Committee of the Legislative Council.

“According to current projections, the Government will continue to be a majority shareholder of HKD after the capital realignment, retaining 52% shareholding,” she said.