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Article: Ocean Park gets 5.55 billion HK dollars in loans for new project
- Article from:
- Xinhua News Agency
- Article date:
- June 13, 2006
CopyrightCopyright 2006 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Ocean Park gets 5.55 billion HK dollars in loans for new project
HONG KONG, June 13 (Xinhua) -- Hong Kong Ocean Park signed loan
documents worth 5.55 billion HK dollars (about 712 million U.S.
dollars) with 25 banks and the Hong Kong Special Administrative
Region (HKSAR) government here Tuesday to finance its re-development
project.
Analysts say Ocean Park's ambitious re-development project, which
is scheduled to begin later this year, may position the park as one
of the world's premier marine-based theme park and help consolidate
the cosmopolis' position as global tourist hub.
According to the package deal, the financing of the project
includes loans of 4.2 billion HK dollars (734 ...