Monday, 5 January 2015

$460m Disneyland Vic Falls investor found

HARARE – Tourism and Hospitality Industry Minister Walter Mzembi says government is in negotiations for a $460 million facility for the development of a ‘Disneyland in Africa’.
$460m Disneyland Vic Falls investor found
The project involves the establishment of a tourism and conference theme park in the resort town of Victoria Falls seen as crucial to boosting tourism. It would be built on 300 hectares of land near the airport and have shopping malls, banks and exhibition and entertainment facilities such as casinos.

“There is a lot of international interest and (an investor in the) United States is willing to pour $460 million for the project but we have to develop a template on a win-win situation,” Mzembi told journalists in Victoria Falls recently.

“Most international countries are saying ‘give us land and we will develop it’.”

The theme park would also boost the resort town’s capacity to host major conferences and events to rival South Africa’s Cape Town and Durban, he said.

“My vision is to zone the 300ha where we can have an Egyptian city or Russian city within the park,” said Mzembi.

In 2013, the government started refurbishing the Victoria Falls International Airport at a cost of $150 million to increase its passenger handling capacity which is expected to be commissioned later this year.

The expansion work, which is being carried out by China Jiangsu and funded by China Exim Bank, also includes upgrading the domestic terminal building, constructing a new fire station, control tower and installation of state –of–the art aviation equipment. The Source 
Copyright © Real Info Zone. All rights reserved. Distributed by Real Info Zone Global Media (www.realinfozones.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

Real Info Zone publishes around multiple reports a day from more than 40 news organizations and over 100 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which Real Info Zone does not have the legal right to edit or correct.

Articles and commentaries that identify Real Info Zone as the publisher are produced or commissioned by Real Info Zone. To address comments or complaints, Please Contact Us.

No comments:

Post a Comment

Contact Form

Name

Email *

Message *