The Walt Disney Company is investing 2 billion euro ($2.47 billion) to expand Disneyland Paris.

CEO Bob Iger announced the plans Tuesday after a meeting with French president Emmanuel Macron in Paris.

The investment plans will include adding three new areas based on Marvel superheros, “Star Wars” and Disney’s animated film “Frozen” to Walt Disney Studios Park. The development will be rolled out in phases, starting in 2021. There will also be multiple new attractions and live entertainment experiences. A new lake will be added and serve as a focal point for entertainment as well as a connector to the new areas, Disney said.

“The expansion plan is one of the most ambitious development projects at Disneyland Paris since its opening in 1992 and underscores the company’s commitment to the long-term success of the resort as Disney’s brand beacon in Europe,” the company said in a statement.

Tuesday's announcement comes a year after Disney revealed plans to buy out shareholders in European park and invest $1.6 billion.

Disneyland Paris has had more than 320 million visitors since its opening, but faced sluggish attendance amid growing terrorism fears in France.

Disneyland Paris is comprised of two theme parks—Disneyland Park and Walt Disney Studios Park. It also has seven hotels with 5,800 rooms.

Earlier this month, Disney reported quarterly profits that were boosted by increased attendance at its theme parks, especially at Disney’s Animal Kingdom, which opened Pandora-The World of Avatar. 

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