Moscow could get its own Disneyland, as the city government plans to spend billions renovating the Gorky amusement park in the next several years.

The idea behind the project is to completely revamp the famous venue, well-known all over country for the variety of attractions on offer, among them a big rollercoaster, a pirate ship and the legendary space shuttle.

“If we're talking in terms of large recreation zones, this project can be compared to France's Disneyland,” Konstantin Kovalev, managing partner of the Blackwood realty agency, told RT. “It should have a hotel and many leisure zones for different ages.”

The park will also get new gardens and pathways, fancy cafes, a concert venue and an underground parking garage.

Throughout 2011, the park’s administration will review the development projects and choose the best. The reconstruction works are expected to start in 2012.

The cost of the “facelift” is estimated in the billions of dollars, but the project could have some financial heavyweights on board.

Russian tycoon Roman Abramovich is reported to have shown his interest in Gorky Park’s reconstruction. The country’s richest man might become a co-investor into the renovations, the Gazeta newspaper found out.

Once the most popular Moscow venue for outdoor activities, Gorky Park has gradually lost its status due to neglect – there have been no repairs for years.

The reconstruction of Gorky has been on city hall’s agenda since 2006, when it considered selling the park to private investors.

The idea was eventually given up, out of concern that the grounds would be bought up by developers who would develop high-end housing instead of traditional attractions for the masses.