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Hong Kong Disneyland's plan to build a third hotel at a cost of HK$4.迷你倉26 billion has cleared the first hurdle. The project, with an HK$800 million loan from the government, will provide 750 rooms and increase the Lantau theme park's hotel capacity to 1,750 rooms. The hotel is expected to be finished by early 2017, to meet the expected demand following the 2016 completion of the Hong Kong-Zhuhai-Macau Bridge. At the Legislative Council's economic development panel meeting yesterday, managing director Andrew Kam Min-ho said that the room rates will be around HK$2,000 to HK$3,000, which is b迷你倉將軍澳tween the rates of the two existing hotels. Some lawmakers were concerned as to when discussions between the government and the Walt Disney Company on the park's second phase of development would commence. But Permanent Secretary for Commerce and Economic Development Andrew Wong Ho-yuen said discussions on the usage of the remaining land of phase one development, as well as initial talks on the second phase development are ongoing. The panel endorsed the hotel funding. Meanwhile, the government will ask the Legco Finance Committee in May to approve the additional loan to Disney. BEATRICE SIU 24小時迷你倉