Speaking at the opening ceremony of Ocean Park's Water World yesterday, Lau said the year-round water park will be the first key project of the park's revamp.

The attraction will open to the public today with up to 90 percent of tickets already sold for the upcoming public holidays and weekends.

Entry fees for Water World is set at HK$320 for adults and HK$225 for children during the initial opening period. Prices will be adjusted afterward depending on the popularity of certain seasons and holiday periods.

Lau added that coming would be a launch a "fast pass" that would reduce visitors' queuing time. Also, estimated waiting times will be displayed at each attraction for visitors to see.

The opening of Water World will help the district become "more vibrant and unique as well as maximize its economic potential," Lau said.

Lau said authorities had invited businesses interested in Ocean Park's "rebirth plan" to submit redesign proposals before mid-October. The park had secured HK$6.8 billion from the Legislative Council in March to help it stay afloat for another year.

In the 2019/20 fiscal year, the park suffered a loss of HK$1.17 billion.

Lau added that the plan's tendering exercise should start early next year and that the plan is scheduled for completion within the first half of next year.

Meanwhile, during the ceremony yesterday, Chief Executive Carrie Lam Cheng Yuet-ngor said Hongkongers should be proud of the theme park's creativity in terms of its unique design.

She believed the park will become Hongkongers' go-to leisure destination.