Mickey Mouse and his friends could be welcoming visitors to the city's own Disneyland as early as 2012, a Hong Kong newspaper reported over the weekend.

The theme park, with an estimated¹ cost of 40 billion yuan ($5.8 billion), will be located on the east bank of Shanghai's Huangpu River, bordering Pudong district's Chuansha town and Nanhui district, Wen Wei Po quoted an unnamed source close to the Shanghai government as saying.

Shanghai Disneyland, 20 minutes' drive from Pudong International Airport, will be eight times larger than the one in Hong Kong - the first in China.

The source told the paper that 10 sq km of land has been set aside for the park.

The agreement on the location of the park was made after 10 years of tough negotiations², with Beijing and Tianjin also vying³ to host the park.

The Shanghai government had wanted the theme park to be built on Chongming Island, an area that has failed to keep pace with the city's rapid economic development.

The cost, excluding⁴ the land, was first set at around 30 billion yuan ($4.4 billion) but increased to 40 billion yuan ($5.8 billion) due to inflation⁵.

The source said an official announcement on the decision will be made around the time of the Beijing Olympics.

According to the agreement, Shanghai Disneyland will not adopt Hong Kong's operation model, in which the government leases⁶ the land to the Walt Disney Company.

The Shanghai government will provide the land, cover most of the construction costs and hold a controlling stake⁷. It will pay the Walt Disney Company for using the brand.

Questions:

1.News of Disneyland Shanghai’s opening was originally reported in a newspaper from what city?

2. How much land has been set aside for the park?

3. What is the price total?

Answers:

1.Hong Kong.

2. 10 sq km.

3. 40 billion yuan.