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July 16, 2013

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Fairy-tale park takes shape in city

A theme park, based on the fairy tales of Hans Christian Andersen, is expected to open in Shanghai in January - in time for the Spring Festival - four years later than its original opening schedule, Shanghai Daily learned yesterday.

The 8-hectare park in New Jiangwan City in the northeastern part of the city, is said to be the world's first such park and will be both entertaining and educational.

The well-known "Little Mermaid," "The Ugly Duckling," and "The Emperor's New Clothes" will all be part of the theme park in Yangpu District, according to Ni Dingzhang, marketing director of the Shanghai Gujing Development Investment Co, investor of the project.

The park is expected to open around the next Spring Festival with top-level security and insurance system in place, Ni told Shanghai Daily.

Construction on the project began in 2005 and the park was scheduled to open in 2010 during the Shanghai World Expo but it was delayed because of unexpected problems faced by the former investor and a lack of capital during the 2008 global economic crisis.

The chief of the former investor, Anhui Gujing (Group) Co, was involved in a bribery case and arrested in 2007. A year after, the global financial crisis hit domestic real estate industry, forcing another delay. In 2010, a new investor, Gui Longde, took up the project and increased the investment to 200 million yuan (US$32.64 million) to build the park.



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