On November 30, Lam Dong Provincial People's Committee said that it had just assigned the Department of Planning and Investment to urgently advise the Provincial People's Committee to report to the Ministry of Planning and Investment on issues related to the project of Thien Ma - Madagui Horse Racing Track, Dog Racing - Polo Club and Horse Performance (in Da Huoai District) of Thien Ma - Madagui Horse Racing Joint Stock Company (proposed before December 8).
Project implementation area: Thien Ma Horse and Dog Racing Course - Madaagui - Polo Club and Horse Show
Previously, Lam Dong Provincial People's Committee had decided to approve the adjustment of the investment policy of the project "Thien Ma - Madagui Horse Racecourse - Polo Club and Horse Show of this company. The project was granted the first Investment Certificate by the Provincial People's Committee on January 29, 2011 (first change certificate on July 15, 2011, second change certificate on March 21, 2013, third change certificate on April 25, 2014); Department of Planning and Investment granted the first Investment Registration Certificate on July 12, 2021. The adjusted content is the project: Thien Ma - Madagui Horse Racecourse, Dog Racecourse - Polo Club and Horse Show.
The project's objective is to invest in building a horse racing track, a dog racing track, a horse racing club and performance horses in Da Huoai district to exploit the strengths of the locality, contribute to attracting domestic and foreign tourists , create jobs, improve and raise the living standards of local people, increase the contribution to the local budget; organize horse racing and dog racing activities when fully meeting the prescribed conditions.
Project Portal
The project area is over 69.8 hectares; total project capital: 1,548.6 billion VND, of which: equity capital of Thien Ma - Madagui Horse Racing Joint Stock Company: 233.6 billion VND; mobilized capital, borrowed capital: 1,315 billion VND.
Basic construction investment progress according to the Investment Certificate dated January 29, 2011 and Document No. 3218/UBND-VX2 dated May 20, 2021 of the Provincial People's Committee up to October 2023: investment procedures have been completed (land lease, environmental impact assessment, planning...), construction of company offices, roads and some construction items (total investment capital of about 159.7 billion VND).
The adjusted progress is 24 months, specifically by November 2025, the project will be completed and put into operation.
Thien Ma - Madagui Horse Racing Joint Stock Company is responsible for carrying out procedures to add investment targets with betting activities, procedures to adjust the Investment Registration Certificate in accordance with regulations. Carry out business and project activities in accordance with approved targets; comply with legal regulations on investment, land, construction, business and other regulations related to investment projects. Do not transfer the project during the time the Provincial People's Committee approves the adjustment of progress, complete the entire investment project in accordance with the commitment and the extended time.
Horses raised in the project
As Thanh Nien reported, previously, in this project, the investor built 16 works and construction items, with a total construction area of 6,429 m2 without changing the land use purpose (LUP) and without a construction permit. Of these, 13/16 construction items have locations and basic construction areas that are consistent with the approved planning; the remaining 3/16 construction items are not included in the approved planning.
The People's Committee of Da Huoai District has administratively fined Thien Ma - Madagui Horse Racing Joint Stock Company 80 million VND and forced the restoration of the original state of the land before the violation for 3 projects (109 m2 ) that are not in accordance with the planning. At the same time, the company was forced to carry out procedures to transfer land use rights according to regulations for 13 projects (area of 6,320 m2) in accordance with the planning. In parallel with this, the investor also carried out procedures to adjust the project into: Thien Ma Madagui Horse Racing and Dog Racing - Polo Club and Horse Show (with betting business).
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