A millionaire property developer has received $1 billion in funding to resurrect Wonderland.

Urban Estates Development owner Ammar Khan has confirmed that Indian oil company Fox Petroleum Limited (FPL) will invest $1 billion dollars over five years for stage one, which includes Sydney’s Wonderland, a wildlife park and a water park connected by a multi-themed ‘boulevard’ with hotels, cinemas, restaurants and entertainment facilities, according to an article in The Daily Telegraph.

Stage two will follow with sporting, live music and convention venues.

An exact location has not been secured, but is due to be finalised in the coming months.

Western Sydney Theme Park plans to build, own and operate the precinct.

Khan, who worked at the park for nine years up until it closed, said, “I vowed to bring the park back, not just as a desire but a life-consuming obsession.”