Paramount in talks to invest 7 bln usd in theme park in Tianjin China
03.28.2006, 09:54 PM
AFX News Limited
BEIJING (AFX) - Tianjin's local government is in talks with US entertainment giant Paramount about a seven bln usd investment in a theme park in the municipality, the South China Morning Post reported.
The Hong Kong newspaper cited deputy director of the Tianjin Binhai New Area administration Song Lianxin as saying: 'Our district will see a Paramount theme park. The US party will invest seven bln usd to build the park with us.'
But Tianjin government information office deputy director Gong Tieying said the two parties are still in talks and had not signed any agreement.
The park would be in a 75 sq km 'seaside leisure' block, part of the Binhai development area being promoted to Hong Kong investors, the paper said.
GOLDEN HILL INVESTMENT / TIANJIN TV / PARAMOUNT PARKS
Market Assessment of Entertainment Development in Tianjin
Economics Research Associates (ERA) is retained by Golden Hill Development to assess the market for a Paramount Parks theme park and related development in Tianjin, China. The study incorporates long term forecasts of population, income and consumption as well as changes in infrastructure in the City. Attendance estimates and financial returns on investment were projected for 20 years.
