Hong Kong Budget: Government to grant $2.3b loan to Ocean Park

It will kick start the Water World project.

According to Financial Secretary John Tsang, to further enhance Ocean Park's facilities, the government will support its plans to build an all-weather Water World at Tai Shue Wan. 

"The Government will offer a $2.3 billion loan to Ocean Park to spur early commencement of the project. We shall submit a funding proposal to the Finance Committee in the next few months," he adds.

"In the coming few years, Hong Kong Disneyland will launch a new night-time parade and put in place a themed area featuring "Marvel heroes", the first of its kind in the world. These new projects will be funded by the Disneyland's operating surplus. Meanwhile, the two theme parks are actively pursuing new hotel projects to provide better complementary services for tourists."

The financial secretary also stressed that tourism will continue to be one of the key drivers of Hong Kong's GDP growth for 2013.