Shanghai govt says in detailed talks on Disney project

SHANGHAI | Tue Nov 3, 2009 8:48pm EST

SHANGHAI Nov 4 (Reuters) - The Shanghai government said on Wednesday that it is in detailed talks to build a world-class Disney theme park in the Pudong district of Shanghai, after getting the nod from the central government in late October.

Walt Disney Co (DIS.N) also said it had received approval from the Chinese government for the project.

"Currently, the Chinese and U.S. sides of the project are in deep discussions on concrete details of coopertation and will work together to build a world-class Disney park in Shanghai's Pudong New Area," the Shanghai government said in a statement. (Reporting by Samuel Shen and Edmund Klamann)

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