The Ocean Park completed its MRP in July 2012, and the addition of new attractions such as Aqua City, Rainforest, Polar Adventure to name but a few has turned a local theme park into a world-class, must-see marine-based attraction of Hong Kong. The Ocean Park is a valuable asset in our tourism portfolio, and has been widely popular with tourists and Hong Kong residents alike. Its old waterpark, including the thrill of sliding down the Super Slides, remains to be a thread of the fabric of Hong Kong residents’ collective memory. Meanwhile, theme parks and entertainment facilities of different natures have been built in our main competitor cities and the Ocean Park needs to keep rejuvenating itself to maintain competitiveness. In 2012, the attendance of the Ocean Park reached another new record of more than 7.4 million. It also needs to expand to provide further capacity and to ensure a pleasant stay for visitors. With these considerations in mind, the Government agrees that the OPC should embark on another phase of development, and that redeveloping the Tai Shue Wan area into a new integrated theme zone with the main focus on an all-weather indoor-cum-outdoor waterpark should be pursued. This will not only add to the variety of Hong Kong’s tourism offerings, but also allow our local grown-ups to recall their youthful memories. In addition, a novel and interesting destination will be added for our new generation.
In brief, the Project will comprise three key components, i.e. (i) an all-weather indoor-cum-outdoor waterpark; (ii) a retail-dining-cum-entertainment (RDE) zone; and (iii) a parking zone. For the waterpark, there will be an indoor area which will be operational under all weather, an outdoor area which will provide added water facilities during summer, and a resort-style premium zone providing value-added facilities and amenities such as a semi-private pool. The RDE zone will consist of a restaurant cluster serving various styles of dining and some small stalls for retail purpose. The parking zone built underneath the waterpark will provide some 260 parking spaces.
The Project will be a “second-gate” attraction with separate entrance and admission fee to the main park. According to the OPC, “water” and “marine animals” will be the overall theme of the waterpark, which is in harmony with the existing theme of the Ocean Park. Under the OPC’s latest workplan, it will embark on the demolition and preparation work in late 2013 and the main construction works will commence in early 2015. The Project is scheduled for completion in the second half of 2017. It is estimated that the total attendance of the waterpark, including local visitors, will exceed 1.5 million in its first year of operation. The total project cost is estimated to be $2,290 million.
From the tourism angle, the Project will enrich the overall tourism appeal of Hong Kong by offering product diversity and additional capacity in one of our major tourist attractions, which in turn will enhance the status of Hong Kong as a premier destination for family visitors in the region. According to the economic impact assessment conducted by the OPC’s independent consultant based on some broad assumptions, the Project is expected to bring about net additional quantifiable economic benefits to Hong Kong in the region of some $842 million (in 2018) to $1,240 million (in 2048) per annum in present value terms. The ongoing operation of the Project will generate some 2900 (in 2018) to 4290 (in 2048) new jobs.
As from the district angle, it is expected that the Project will enhance the economic activities of the Southern District by attracting a significant number of visitors there. Coupling with the improvement works on the tourist attractions and facilities of Aberdeen which are underway, the Project will help further enhance the overall tourism development of the district concerned.