The Universal Studios theme park under construction in Beijing, has been given its official name: Universal Beijing Resort.
The project was originally announced in 2014 with a budget of $3.26bn, which later doubled to $6.5bn to accommodate retail and entertainment space, as well as improved planned attractions.
Now, construction of the initial phase has reached its final stage in the Eastern suburb of the Tongzhou district.
A subway station that will serve the resort and two subway lines will be completed and operational by the final quarter of 2019, and will link the resort with Beijing Universal City Avenue.
Throughout the year, construction will continue on projects such as the NUO Resort Hotel, the Universal Studios, Beijing Universal City Avenue, and the world’s first Universal Studios-themed hotel, with all building companies having begun the final preparations for construction.
Two further theme parks are planned for the resort in the future.
In the meantime, the creation of a number of other amenities that will support the development of the park is in progress by Tongzhou district government, at an investment of around 53 billion yuan ($7.6 billion).
Among them are the interchange node of the East Sixth Ring Road, the greening of the East Sixth Ring Road’s protection forest, the Beijing-Harbin Expressway, the new interchange node of the Beijing-Harbin Expressway, a bus transit centre and the north hub of the Universal Studios.
According to a source in the WSJ, Universal expects its Beijing park to draw 10 million visitors in its first year, an increase of 3 million from initial projections.