Hong Kong government to propose revised bailout plan for Ocean Park soon
- Sources say a HK$10.6 billion proposal tabled in January to revive the park will not go ahead and officials will instead roll out a new plan on Monday at the earliest
- The resort, already battered by a financial crisis, missed out on about 1 million visitors between February and April as Covid-19 forced its closure
A revised bailout plan will be proposed by the Hong Kong government very soon to save Ocean Park from running out of cash as early as in June, the Post has learned.
On Friday night, the legislature’s Finance Committee announced that its chairman had agreed to put a plan relating to the future of the attraction on the agenda for its meeting next week, on the administration’s request.
“Lawmakers had big reservations over the HK$10.6 billion plan when it was discussed in the economic development panel last time. So, no matter what, the government cannot just put the same thing to the Finance Committee,” a source familiar with the matter said.
The source was referring to a panel meeting in January where legislators across the political spectrum voiced scepticism about the plan, as the park’s management warned it only had HK$400 million in the bank.