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Ocean Park Salvation│The government plans to allocate another 1.67 billion yuan to the park to open free mobile games outsourcing

2021-01-18T05:16:44.726Z


Ocean Park received a government grant of 5.4 billion yuan for rescue last year. Secretary for Commerce and Economic Development Yau Tenghua, Chairman of the Board of Directors of Ocean Park Corporation Liu Mingwei, and Commissioner for Tourism Wong Zhizu announced the details today (18)


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Written by: Kong Fanxu

2021-01-18 13:08

Last update date: 2021-01-18 13:09

Ocean Park received a government grant of 5.4 billion yuan for rescue last year. The Secretary for Commerce and Economic Development Qiu Tenghua, Ocean Park Chairman Liu Mingwei and Tourism Commissioner Huang Zhizu announced today (18th) the specific "re-plan". Ocean Park plans to open the park free of charge. In order to attract more people, it will no longer just be a theme park; at the same time, it will change the operating model and outsource some facilities to achieve self-financing; and cooperate with the "Policy Address" to develop the southern district.

The government plans to inject capital into Ocean Park again, provide a lump-sum capital allocation of 1.67 billion yuan, and extend the repayment period to 2059, with the goal of eventually achieving self-financing.

Ocean Park announced today (18th) a renewal plan, including plans to open the park for free.

(Profile picture)

▼Ocean Park will launch "Sindo Tour" in September 2020▼

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The Secretary for Commerce and Economic Development, Yau Tenghua, said today that he has been re-examining the future direction of Ocean Park and discussed in-depth with different stakeholders. All walks of life hope that Ocean Park can continue to operate and obtain a clear consensus in the transformation and development. They are to attach importance to Ocean Park. It is unique and educational and gradually changes its operations. It cannot just be a theme park, reduce the old facilities and drive the economy, develop into a leisurely vacation area, and drive the southern area.

Hope to attract the flow of people is not "one and a half times a year"

Qiu Tenghua put forward four key points. First, open the park under the park free of charge. He hopes to create a recreational and retail area for visitors to enjoy. By changing the ticket purchase method, it is not "one and a half times a year".

Second, change operations: some of the park facilities will be outsourced to other operators, or they will be operated in the form of commercial cooperation. Ocean Park will retain some of the facilities autonomously, hoping to eventually achieve self-financing.

Third, we will continue to develop conservation and education work.

Fourth, in line with the "Policy Address" "Vibrant Hong Kong Island South" plan, through the development of the park inside and outside, water tourism and other regional exhibition attractions cooperation.

Qiu admitted that the Ocean Park needs time to change, and the government must help. Because the Ocean Park’s debt burden to the government can be relieved if it is waived; education and conservation are provided with time-limited funding support; last year it was only opened on the 129th, and there are still other difficulties. Expenses, after the financial reorganization of the lump-sum appropriation, it is self-financing.

▼Ocean Park will launch the "Light and Shadow Night" project in January 2020▼

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The repayment period is extended to 2059, and 280 million will be provided annually from next year

The Commissioner for Tourism Huang Zhizu said that the Ocean Park will focus on education and conservation. Starting from 22/23, it is recommended to provide more than 280 million yuan per year for 4 years, and a total of 1.12 billion yuan in 4 years. There will be a cash shortage before the transformation in a short period of time. Consider the expected rebound in the future. Uncertain factors such as fluctuations or ups and downs require space and support to amend the loan conditions for government loans (applied to the Finance Committee of the Legislative Council last year to be delayed for 1 year to September this year), interest-free until July, and postponed to September 2028 The repayment period will be extended to 2059. If the park is expected to operate well, early repayment can be requested.

In addition, due to the need to provide funds for operation, it has been closed for most of the past year. This is a challenge to operations. The government will provide 1.67 billion yuan in non-recurrent funding.

▼2019 Ocean Park Hello, the whole garden festival▼

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▼Ocean Park New Water Park▼

▼Jumbo Seafood Boat will be operated by Ocean Park▼

▼Ocean Theater Dolphin Show▼

▼Some mobile games will be "retired"▼

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News: Ocean Park's dolphin show will be extinct, jumper Ferris wheel and other 7 mobile games will be retired

News: Three years after the Ocean Park rebirth plan is finalized, free admission to designated facilities will be charged item by item

News: Ocean Park needs to amend regulations to expand revenue. Water park is expected to open in August and will apply for funding again

Employment Guarantee Phase II | The latest list released, Hong Kong Telecom received 268 million, Ocean Park received 59.7 million

Nearly 20% fewer animals died in Ocean Park, 12 foxes died of BB

Ocean Park’s operating loss doubled to 1.17 billion yuan during the epidemic, the worst performance ever

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Ocean Park

Source: hk1

All news articles on 2021-01-18

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