A signing ceremony for the investment framework agreement of the Putuo Mountain Ice and Snow World was held in Putuo district, Zhoushan, Zhejiang province, according to local media on Nov 18.

The project, with a total investment of approximately 1 billion yuan ($138.26 million), is planned to be located in the central part of Zhujiajian Island in Putuo district.

The Ice and Snow World aims to create an all-in-one tourism resort, themed with ice and snow as well as an ancient Chinese book about mythical creatures called the Classic of Mountains and Seas or Shan Hai Jing.

A rendering of the interior of the resort. [Photo/WeChat ID:zjzsqdxq]

The resort will feature an amusement park, an ice- and snow-themed hotel, and a themed night tour street, among other attractions.

"The company will deeply explore Zhoushan's local cultural IP to create a unique 'Ice and Snow Wonderland', and aims to develop the nighttime economy and offer distinct ice- and snow-related activities in Putuo district," said a representative from Zhoushan Putuo Mountain Ice and Snow Cultural Tourism Development Co.

According to the Putuo Mountain Investment Promotion Center, the company registered the project's entity and signed the investment framework agreement in less than a month after the project initiated in mid-October.