F1 News: Brand new F1 track given astonishing $1.2 BILLION backing…Read More
Brand new F1 track given astonishing $1.2 BILLION backing
Thailand’s hopes of bringing F1 to Bangkok have been given a major boost after it was revealed that cabinet have approved a bid during a meeting this week.
If successful, the planned street circuit would feature on the calendar from 2028 on an initial five-year contract, according to Reuters, with around $1.2billion now agreed to be set aside for the bid.
“In the next two-three years, Thailand will have world-class competition, which we never thought would actually happen in Thailand,” said government spokesperson Jirayu Houngsub during a press conference.
Tourism minister Sorawong Thienthong also spoke to media on Tuesday, and referenced the staggering sum of money which has been approved.
Thailand GP dream edges closer
In March, Thai prime minister Paetongtarn Shinawatra met with F1 boss Stefano Domenicali to discuss whether a bid was feasible, with this week’s revelation another significant step in the right direction.
The Imola GP is the latest to be cut by the sport’s bosses, as Madrid gets set to host its first race in September 2026.
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