Disneyland Shanghai will be in the Pudong area of the city, and the Shanghai Daily
reports the Pudong New Area government has almost completed the relocation of residents from the 3.9 square kilometre area, a month ahead of schedule. Construction of apartments to receive them has begun, and they are expected to be ready for occupancy by August 2012.
More than 2,000 households and 297 enterprises will be relocated in total. The new residential site is in Pudong’s Chuansha Town, and will have more than 6,500 apartments.
The land for the theme park is due to be handed over at the end of June when construction will begin.
The first phase of the theme-park project has been estimated to cost about 25 billion yuan (US$3.66 billion). The Chinese have made a habit in recent years of building large infrastructure projects at breakneck speed, but Pudong New Area Director Jiang Liang told the Shanghai Daily it may take five or six years for the park to be opened to the public.
There is already a Disneyland theme park in Hong Kong, and there has been speculation about the effect a park in Shanghai would have on the park in Hong Kong. Secretary for Commerce and Economic Development of the Hong Kong Special Administrative Region Rita Lau told Chinese news agency Xinhua
that the two parks should complement each other. The Chinese market was growing fast, and should be big enough to accommodate two theme parks.