Shanghai Disney Resort - Construction

Construction

The construction has already begun, and construction on a major road has begun in order to transport materials for the rest of the park. Major construction work is planned to start as early as May 2011, targeting a 2016 opening. The resort is planned to cover an area of 4 km2.(988 acres) It is expected to cost 25 billion RMB ($3.66 billion USD). The project will be financed by several large Chinese state-owned enterprises in Shanghai forming a joint venture with the Walt Disney Company. The Oriental Land Company has not confirmed any connection to this venture with Disney on the Shanghai Disneyland project. "The first-phase of the project will be to the South of Huanglou Area, an area in Chuansha Town, the southeast suburbs of Shanghai's Pudong area; the second phase will extend further southwest," an urban developer from Shanghai stated.

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