New theme park in Lahore worth Rs36 billion
25 November, 2015
LAHORE - The Punjab Government has signed an agreement with Chinese Company (Golden Bean Group) for the construction of a state-of-the-art Theme Park and Aquarium in Lahore with the recreational facilities like Disneyland. The project is worth Rs36 billion.
Parks and Horticulture Authority (PHA) Director General Shakeel Ahmad confirmed that after surveying different sites, the Chinese company, Golden Bean, has decided to build the country’s first Disneyland-style theme park on the M-2 Motorway.
“It is a huge project and will take around two years to complete,” he added.
The agreement for the construction of this Theme Park took place on Thursday. It was signed by Lahore Commissioner Abdullah Sumbal along with Punjab Horticulture Authority director-general Mian Muhammad Shakeel and Chinese company chairman Jin Ming Nan. The Chinese company has committed to invest Rs32 billion in the project.
The peculiar project is an association of Punjab Labor Department worth Rs7.78 billion, where 2,900 apartments would be built for industrial workers and labor.
Further, Sumbal said the proposed theme park would also have a five-star hotel, water aquarium, business and shopping centers, state-of-the-art rides and a breathtaking rollercoaster. Price hike puts popular US Disneyland annual pass over $1,000. The proposed theme park will be built over an area of 320 to 350 acre and will have direct access from the M-2 Motorway.