Spain is putting forward plans to build a huge theme park with a separate waterpark in the Castilblanco region, 173km to the south west of Madrid.

The theme park will be part of Elysium City, the first major smart sustainable city project in Europe that is built entirely from scratch and is focused on the UN’s Sustainable Development Goals (SDGs).

As well as a theme park and waterpark, Elysium City will comprise of other attractions designed for family fun, including four hotels with casinos and an 18-hole golf course. Plans are also being made for the new sustainable city to be home to a 40,000-seat stadium, a retail area, residential housing, a marina and its own high-speed train station.

Construction of the first phase of the city is expected to start soon and is due to open in 2023 with the second phase of the project, which will include a Formula One race track, opening in 2028.

U.S. developer Cora Alpha is designing the Smart City project, which will comprise of many eco-friendly features, including a solar-powered smart street infrastructure and green coffee carts.

John Cora, founder and chairman of Cora Alpha, spoke about the new “Disney-level theme park.”

“It’s basically a city that we’re creating that will be a smart city from ground up, but the core will be the entertainment pieces: a Disney-level major theme park and an adventure water park that’s unlike typical water parks. The goal is to have it be a place where you want to work, live and play,” Cora commented.