Kent theme park project secures £100m funding from China

A figure of £100 million in funding from China has been secured for a £3.2 billion theme park planned for Kent.

London Paramount Entertainment Resort, which is expected to open in 2021, has won financing from Chinese infrastructure and construction group SinoFortone.

A government decision on planning permission for the tourist attraction, to be located near Dartford, is expected in late 2017.

The announcement of SinoFortone’s investment, which follows talks in China earlier this year, coincides with president Xi Jinping’s state visit to the UK.

Park project chief executive, David Testa, told the Telegraph: “This shows that our vision for London Paramount and its location in north Kent with excellent transport links to London, Europe and the rest of the world, is appealing to investors, residents and tourists alike.

The development is planned for 900-acre brownfield site to include rides based on popular television programmes and Hollywood films, as well as a theatre, water park, hotels and nightclubs.

The resort is being developed by Kuwait-backed London Resort Company Holdings, which estimates that the project will create up to 27,000 jobs.

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