Disneyland theme park to be built in Shanghai

"The settlement of Disneyland theme park in Shanghai is beyond doubt," revealed recently by an expert who has participated the investigation and feasibility study on the Disneyland Shanghai project for several years.

A comprehensive entertainment brand comprised of several industries such as service and manufacturing will become one of the new forces to boost Shanghai's economy.

It is learnt that the negotiations between associated Shanghai departments and the Walt Disney Company on the details of the cooperation are still underway.

An informed insider disclosed that previously Disney's enquiry was too high; with the downturn of the US economy, Disney may make some concessions in the price, which will help promote smoother negotiations.

The terms regarding the use of intellectual property and the ownership structure between Shanghai and Disney are highly confidential and remain a secret. "But Shanghai is determined to win the Disney project and State Council approval is just a question of time," the insider added.

The Disney Park is initially set to be built in the Huanglou region, junction of Chuansha District and Nanhui District in Pudong New Area.

The location is selected primarily because it is only scores of minutes' drive from the Shanghai Pudong International Airport.

"According to relevant regulations, Shanghai permits 48-hour visa-free entry for transit passengers," an expert said.