Green light for F1 track plan
Greece has approved plans to build a Formula 1 racetrack south of Patra in the Peloponnese, after years of debating where to set up the circuit. In a 94.6-million-euro investment, the project will include buildings and facilities to support the racetrack, which the ministry says will be ‘of an international standard.’ ‘According to the study, the track will be able to host Formula 1 cars, Superbike and GoKart racing,’ the Regional Development and Competitiveness Ministry said in a statement yesterday. The project is expected to be completed in 36 months and needs to be approved by Parliament, the ministry added, helping provide a boost to tourism. ‘After the completion of the investment, 497 new job positions are expected to be created, while it will provide a significant boost to tourism in the region,’ the statement said. The project will be located 20 kilometers southeast of Patra, in the Halandritsa area. According to press reports, the government had been considering setting up the track at the capital’s old international airport or elsewhere in the greater Athens area.