July 3, 2009
Hong Kong’s Disney theme park to expand
HONG KONG
Hong Kong’s government and the Walt Disney Co. have reached a deal to expand the territory’s struggling Disneyland theme park at a cost of about US$465 million.
Hong Kong officials announced the deal Tuesday. The expansion is expected to take five years, adding another three themed areas.
Government officials say Disney will contribute all the capital for construction and the park’s operation during the building phases.
Disney will also convert into equity about US$350 million in loans to the venture to help with funding.
Associated Press
| MOST POPULAR STORIES |
- Steel hurdles for Aga Khan Museum build
- Benson Steel faces transport challenge on Toronto Yorkdale Mall construction project
- Toronto Construction Association presents ‘Best of the Best’ awards
- Bidding closes for Toronto 2015 Pan Am games venues
- Steel key for CF-5 fighter jet monument at Toronto defence facility
- 20 Most Popular Stories
| TODAY’S TOP CONSTRUCTION PROJECTS |
These projects have been selected from 316 projects with a total value of $1,890,889,993 that Reed Construction Data Building Reports reported on Thursday.
$65,000,000 Toronto ON Negotiated
RETIREMENT RESIDENCE, COMMUNITY CENTRE
$45,500,000 Toronto ON Negotiated
$40,000,000 Brampton ON Prebid
| CURRENT STORIES |
- Steel truss system helps reduce construction cost of Toronto apartment building
- Ontario College of Trades will drive up infrastructure costs: Conservative leader Tim Hudak
- Procurement needs to be fair, open and transparent
- Losing bidder bridles at Pan Am Games park selection, Equine Canada “thrilled”
- Armstrong extended at Ontario College of Trades
- CVTech secures Hydro Quebec construction, maintenance work
- Toronto council votes in favour of light rail transit
- Ottawa City Council approves affordable housing capital projects
- Pre-cast concrete segment falls into river after gantry crane collapses
- Alberta throne speech hints at development plan
- Union claims construction oversight needed at defence department
- Site prep in North Vancouver
- Legislation limiting strikes ruled unconstitutional
- World Plumbing Day garners support from Canadian senator
- PHOTO GALLERY: Merit Alberta open house
- Seeing the sustainable forest for the trees
- Pump Station Upgrades
- Labour federation opposes pipeline
- Site for new correctional facility selected
- Edmonton roofer dies
- Regulators approve oilsands facility expansion
- Highway 3 upgrades
- New chairman named for Alberta Construction Association
| ALEX’S ECONOMICS BLOG |
Reed Construction Data Canada’s Chief Economist Alex Carrick discusses current developments in the North American economic environment with emphasis on the construction industry.
- Home starts and job levels diverge in Canada and the U.S. (February 8, 2012)
- Canada’s labour market flat in January but U.S. on a roll (February 3, 2012)
- Canada’s leading indicator series continued to charge ahead in December (January 23, 2012)
- More
