Shanghai might be spending more than one hundred billion Yuan or fifteen billion dollars on a holiday resort and theme park of Walt Disney Co. as stated by the 21st Century Business Herald, today, not mentioning the source of the information.

Spending in the park's main area may be around twenty five billion Yuan and investment on infrastructure for the site would be forty billion yuan, as stated by the report.

One of the Disney spokeswomen Alannah Hall-Smith in Hong Kong said in an e-mail today that they won't comment on speculation.

Shanghai will start building infrastructure in this year for supporting the first Disney theme park in the mainland of China as stated by the Shanghai Pudong New Area Construction and Transportation Commission in a Jan. 4 statement.

Institutions such as Goldman Sachs added Disney to its must buy list Tuesday, and Morgan Stanley and Caris & Co. hiked their earnings estimates for the company's financial first quarter, which ended in the month of December.

James Mitchell, an analyst from Goldman Sachs wrote that the theme parks are coming back from a period of no growth, for the renewed consumer spending. As a pair of new cruise ships to the Disney line has been added the first of which called the Disney Dream, will make its first journey on Jan. 26 will be improving revenue and margins, predicted Mitchell. The fourth vessel launches in the year of 2012.

Goldman wrote that the revenue scenario is also getting better with the cable networks group, which includes the Disney Channel and ESPN.

Disney stock traded with forty dollars on Wednesday before closing, going up by ninety seven cents or two and a half percent at thirty nine dollars and ninety six cents.