Euro Disney to sign expansion deal
Europe's top tourist attraction Euro Disney is on Tuesday to extend its partnership deal with the French state to 2030, enlarging the theme park and eyeing eight billion euros in extra investment.
The amended deal gives Euro Disney the right to build a third theme park "in the long term," the company said in a statement, and extends the size of the current site from 1,943 hectares to 2,230 hectares.
Euros Disney, which says it contributes over six percent of foreign tourist revenue in France, will also develop a project with the Pierre & Vacances group based on sustainable development for an investment of 1.8 billion euros.
"Les Village Nature de Val d'Europe," to the east of Paris, will include a lake and forest as well as 7,000 hotel beds, the financial daily Les Echos reported.
The company said its new projects would create around 70,000 direct and indirect jobs at its sites, which have been visited by 215 million people since 1992.
© 2010 AFP