Disney has announced plans for a €2bn (£1.78bn) multi-year expansion of Disneyland Paris adding three new areas that are based on Marvel, Frozen and Star Wars.

Disneyland paris expansion

An artists conception of the planned Disneyland Paris expansion

The new development is scheduled to include a transformation of the Walt Disney Studios Park and is one of the most ambitious development projects undertaken at the theme park since it was opened in 1992.

Bob Iger, chairman and chief executive officer of The Walt Disney Company, said: “The resort is already the leading tourist destination in Europe, and the transformative expansion we announced today will add even more of our beloved characters and unparalleled storytelling to create new lands, attractions and entertainment that further elevate the guest experience and drive new opportunities for tourism in this dynamic region.”

The multi-year development will roll out in phases beginning in 2021, significantly expanding the Walt Disney Studios Park.  In addition to the three new areas, the expansion will include the creation of a new lake, which will be the focal point for entertainment experiences and will also connect each of the new park areas.

Disneyland Paris is Europe’s most visited theme park. It sits on a 2,230-hectare site about 32 kilometres (20 miles) east of Paris, though only half of site has been developed with the latest expansion set to take up some of this additional capacity. The site comprisestwo theme parks - the fairytale-themed Disneyland Park and the Walt Disney Studios Park alongside seven hotels, two convention centres and a golf course.

Supporting the development, French President Emmanuel Macron said it showed “confidence that France is back”.