Russia to spend $200 million on Formula 1 circuit
Discussion
From Autosport:
The Russian government will spend about $200 million to build the circuit that will host the country's first Formula 1 grand pix in 2014.
"The federal government has allocated 5.846 billion roubles ($195.4 million) for this project," Alaxander Ivanov, deputy governor of the Krasnodar region, was quoted as saying by Reuters.
Russia secured a seven-year deal to host a grand prix on a new track in Sochi, which is also hosting that year's Winter Olympics.
That had raised fears that the first grand prix may be delayed for a year in order to not slow down preparations for the Olympics.
Despite that, officials had said earlier this year that the building of the circuit was on schedule.
The Russian government will spend about $200 million to build the circuit that will host the country's first Formula 1 grand pix in 2014.
"The federal government has allocated 5.846 billion roubles ($195.4 million) for this project," Alaxander Ivanov, deputy governor of the Krasnodar region, was quoted as saying by Reuters.
Russia secured a seven-year deal to host a grand prix on a new track in Sochi, which is also hosting that year's Winter Olympics.
That had raised fears that the first grand prix may be delayed for a year in order to not slow down preparations for the Olympics.
Despite that, officials had said earlier this year that the building of the circuit was on schedule.
I used to attend the world wide property exhibition in cannes each year, and the Krasnador region had huge stands with massive displays showing what development they wanted- huge areas, loads of new roads, apartmernts, shopping aressd, etc etc.
..All they wanted was huge amounts of money from everyone!!
..All they wanted was huge amounts of money from everyone!!
williamp said:
I used to attend the world wide property exhibition in cannes each year, and the Krasnador region had huge stands with massive displays showing what development they wanted- huge areas, loads of new roads, apartmernts, shopping aressd, etc etc.
..All they wanted was huge amounts of money from everyone!!
They don't need money from anyone...All they wanted was huge amounts of money from everyone!!
Russia's favorite President is a large landowner down there.
Gassing Station | General Motorsport | Top of Page | What's New | My Stuff