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Plans unveiled for £2bn theme park in UK

09 Oct 2012 (Last Updated October 9th, 2012 18:30)

Paramount Pictures has unveiled plans for a new £2bn theme park in the UK, which would transfrom an 872-acre site in the Swanscombe Peninsula in Kent.

Paramount Pictures has unveiled plans for a new £2bn theme park in the UK, which would transfrom an 872-acre site in the Swanscombe Peninsula in Kent.

Situated near Ebbsfleet International station, the development would feature indoor water park, theatres, live music venues, attractions, cinemas, restaurants, event space and hotels.

The proposed park is led by a consortium which includes French industrial firm Lafarge, UK-based Development Securities and Canadian construction firm Brookfield Multiplex.

The three companies have established London Resort Company Holdings (LRCH) to develop the park.

LRCH has signed an agreement with Paramount Licensing, the licensing unit for Paramount Pictures, to give exclusive UK licensing for the park.

The deal does not include investment from Paramount Licensing in the project and LRCH said that it is in talks with major British brands to sign licensing agreements.

LRCH project leader Tony Sefton said that over the next 12-18 months the company will be progressing the planning application while embarking on a wide-reaching programme of community consultation and securing further commercial agreements with third parties.

"Our timetable for delivery, including the planning application process and construction timetable, is geared towards completion and opening in 2018," Sefton said.

LRCH has received initial support for the project from the Dartford and Gravesham Borough Councils.

Upon completion, the theme park, which is expected to rival Disneyland Paris, will be twice the size of the Olympic Park in East London.

A similar development to the one planned in Kent is scheduled to open in Murcia, Spain, in 2015 and is expected to attract three million visitors a year.