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SHANGHAI-The Walt Disney Co. received approval from the Chinese government for its Project Application Report for a new Disney theme park here. The park will be located in the Pudong district here.

“China is one of the most dynamic, exciting and important countries in the world, and this approval marks a very significant milestone for The Walt Disney Company in mainland China,” says Robert Iger, president and CEO of The Walt Disney Co., in a release.

The government approval now gives Disney the ability to move forward with the project; both completing development plans and start preliminary construction work.

Current plans now call for the construction of a theme park mirroring the Magic Kingdom, with special attractions that will be specific to the Shanghai region. According to previous reports about the project, it is expected to cost $3.6 billion to create with a 2014 opening date for the first phase of the project.

Disney already has a theme park in Hong Kong, although several reports say the Chinese people were disappointed with the small size of the project and the Shanghai park will be larger.

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