London Paramount Entertainment Resort, the multi-billion pound proposed project for the Swanscombe Peninsular in Kent, has received a major boost today with the confirmation of its first major investment.
Promised by Chinese construction company SinoFortone, the £100 million investment represents the first significant amount of capital to be invested into the £3.2 billion entertainment resort project which proposes to build a major theme park, waterpark, theatre, hotels and restaurants. Those behind the project are aiming to raise a further £900 million from investors around the globe to help finance the project, with a further £2 billion being gained via a loan from a major bank.
This latest news will provide a welcome boost to the plans for the Entertainment Resort after a number of recent setbacks. Most recently it was announced that the proposed opening date for the new resort would be pushed back by at least another 12 months to 2021. Originally the resort was due to open in 2019, however this was first postponed to 2020 before the most recent set back. Developers are now expected to submit a planning application for the project in the middle of 2016.
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