County Kildare (Ireland) Punchestown Racecourse is set to undergo a €6.2 million renovation project, which will see work begin on a new €3.8 million grandstand, following 2016’s Punchestown Festival in April.
The redevelopment project has been approved by the board of Horse Racing Ireland (HRI), who will contribute €2.5 million through a capital development grant.
Punchestown Racecourse management will now move to commence work on phase 1 of its project.
The venue which has been recognised as an Irish racetrack since 1875 will look to refurbish all its grandstands, as well as undertake an upgrading of facilities for both the public and racing staff.
Punchestown General Manager Dick O’Sullivan, was pleased to announce the redevelopment project
“Through hard work and a dedicated team, we have continued to develop and grow the Irish National Hunt Festival despite some difficult years. The customer experience is paramount to maintain and grow attendances and now is the time to upgrade our facilities. With the support of our trustees, Kildare Hunt Club, sponsors, Horse Racing Ireland and of course our loyal customers we look forward with confidence to improving the facilities at Punchestown.”
Brian Kavanagh, chief executive of Horse Racing Ireland, said: “This is the third largest amount of grant aid allocated to a racecourse under HRI’s current capital development programme and I am delighted that Punchestown’s financial position has improved so significantly that they are now in a position to progress such a major schedule of works over the next two years. This reflects great credit on the Punchestown board and management team and its owners the Kildare Hunt Club.”