19 January 2009

Shanghai, Disney reach theme park agreement

SHANGHAI - The Shanghai municipal government and the Walt Disney Company have reached an agreement to build the first Disneyland on the Chinese mainland.

Shanghai mayor Han Zheng said the project still needed final approval from China's Cabinet

He said the government has been in talk with Disney for more than 10 years and it was hoped that remaining issues would be quickly resolved.

According to an official Xinhua news agency report, the park would be built in the southeast suburbs of Shanghai's Pudong area, 20 minutes' drive from the Pudong International Airport.

The area of the new park was expected to be the largest among all Disney theme parks.

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