Green light for F1 track plan

Kathimerini English - - Business & Finance -

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.

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