Madrid insists work to host F1 GP progressing “as planned”

Madrid’s mayor has insisted that the work to host a Components 1 race within the Spanish capital is progressing “as deliberate” forward of its debut in 2026.

Town introduced it had secured a 10-year contract with F1 to host the Spanish Grand Prix on a purpose-built hybrid circuit.

The observe will characteristic avenue and non-street sections across the IFEMA conference centre and can have a size of 5.47km.

The goal of the Metropolis Council and the organisers of the race is to start work on the services and the circuit in April.

5 provides have been submitted, two from two development firms and three from enterprise conglomerates, to guide the development of the required services.

The deadline for the execution of the works to have every part prepared for the grand prix is 14 months, so even beginning in Could would nonetheless give town some margin, because the race is predicted to be held in September subsequent 12 months.

Talking on Monday to Europa Press, Martinez-Almeida urged to remain “calm” and insisted the race “can be held and can be successful.”

Martinez-Almeida mentioned all of the events concerned are working “very intensely to have the ability to make it a actuality” and that every part was shifting ahead “as deliberate”.

Though it has not but been introduced who will finance the challenge, Martinez-Almeida mentioned the funding will come from personal firms and won’t use public cash.

The mayor was additionally crucial of his political rivals claiming he’ll use public cash for the F1 race, saying “the Spanish Authorities has supplied 70 million euros for the America’s Cup to be held in Barcelona or that the Catalan establishments spend 50 million euros for Components 1 in Barcelona”.

Barcelona has hosted the Spanish GP since 1991, though F1 CEO Stefano Domenicali mentioned final 12 months that Madrid’s deal didn’t imply the Catalan circuit had no future on the F1 calendar.

“For the avoidance of doubt and to make clear right here, the actual fact we’re in Madrid isn’t excluding the actual fact we might keep in Barcelona for the long run,” Domenicali mentioned.

“Wanting forward, there are discussions in place to see if we will actually prolong our collaboration with Barcelona, with whom we have now an excellent relationship, for the long run.”

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