Formula One set for Mexican return
In 2006... or 2007?
Ecclestone to add another GP?
Mexico has been awarded a Formula One Grand Prix after a 12 year hiatus, it was announced by Mexican authorities on Monday. The inaugural Grand Prix will be held in 2006 in the eastern resort of Cancun with the contract running till 2010 according to the investors.
"We concluded our negotiations to organise a Grand prix in Cancun from 2006-2010 with the Formula One authorities on October 7," revealed Luis Silveira, a representative of the group who are willing to invest in the race which is likely to cost 70-80 million dollars. "The likely date for the race will be in October," he added.
However Pasquale Lattuanedu, assistant to Formula One supremo Bernie Ecclestone, told AFP on Friday that he believed the Grand Prix would be in 2007 at the earliest.
"The Mexican Grand Prix will return to our country after a 12 year absence," beamed Artemio Santos, minister of tourism for Quintana Roo, the state where Cancun lies. The last Mexican Grand Prix was won by British driver Nigel Mansell on the Rodriguez brothers circuit at 2,600 metres altitude.
The new circuit, which will be designed by German Hermann Tilke, who was the mastermind behind the Shanghai and Bahrain courses, will be five kilometres long in the shape of an 'M'.
The costs will be met by private companies while the 380 hectares of land for the circuit has been donated by the local council.
Source AFP
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