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'Polish Disneyland' files for bankruptcy

PR dla Zagranicy
Nick Hodge 15.10.2013 11:54
The Dutch investor behind what was intended to be Europe's largest theme park has filed for the bankruptcy of his company.

Adventure World Warsaw: image - press materials

The construction of Adventure World Warsaw (AWW) began in July 2012, with plans to employ some 3000 people at the park in Grodzisk Mazowiecki, south west of the Polish capital.

“It is with great sorrow that I declare that I have signed an application for the bankruptcy of AWW and its subsidiary firms,” Peter Jan Mulder confirmed on Tuesday, as cited by the Puls Biznesu daily.

“Despite many attempts, it was not possible to build and finance the amusement park in Grodzisk Mazowiecki,” he stated.

“This failure seems to be permanent,” he said, adding that AWW is unable to meet debts to creditors.

Jan Pazio from Grodzisk Mazowiecki's town hall has said that there are still hopes that another investor might purchase the land and reignite the project.

Adventure World Warsaw was ear-marked to cover approximately 230 hectares, and the budget for construction had been estimated at 2.5 billion zloty (about 598 million euro).

The park was supposed to explore myths and legends from across the globe, from Slavic to Ancient Egyptian. (nh)

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