Prime Minister Nguyen Xuan Phuc has approved the addition of the multi-purpose entertainment complex – horse racing course project into Hanoi’s master plan on socio-economic development by 2020, with orientation to 2030.
The multi-purpose entertainment complex – horse racing course project is added to Hanoi’s master plan on socio-economic development by 2020, with orientation to 2030. (Photo: vnexpress.net)
Hanoi (VNA) – PrimeMinister Nguyen Xuan Phuc has approved the addition of the multi-purposeentertainment complex – horse racing course project into Hanoi’s master plan onsocio-economic development by 2020, with orientation to 2030.
Under Decision 1823/QD-TTg, Hanoi will increase the mobilisation of socialinvestment sources for building sports facilities in combination withhigh-quality tourism and service activities.
The city will study the application of high technology in developing thesports, culture and entertainment sectors.
The 420 million USD project will be built on an area of more than 100 hectaresin Tan Minh commune, Soc Son district. It will also include a park, tourism andentertainment centres and many other facilities.
The project was first put on thetable in 1999. It was initially planned to be built in Dai Kim ward of HoangMai district and Thanh Liet commune of Thanh Tri district. However, as thelegal framework for sports betting and horse racing hadn’t been completed atthe time, the foreign partner withdrew from this project in 2005.
In 2007, the Hanoitourist Corporation and the Republic of Korea’s GlobalConsultant Network proposed the project again.
In August 2016, they inked a jointventure contract to invest in the project, which is set to meet five-starstandards.
The project is expected to createjobs for about 1,000 direct labourers and tens of thousands of indirect onesand contribute up to 1.5 trillion VND (64 million USD) to the local budget eachyear.-VNA
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The multi-purpose entertainment complex – horse racing course project is added to Hanoi’s master plan on socio-economic development by 2020, with orientation to 2030.
