Madrid insists work to host F1 GP progressing “as planned”

Madrid’s mayor has insisted that the work to host a Formulation 1 race within the Spanish capital is progressing “as deliberate” forward of its debut in 2026.

The town introduced it had secured a 10-year contract with Formulation 1 to host the Spanish Grand Prix on a purpose-built hybrid circuit.

The monitor will function road and non-street sections across the IFEMA conference centre and can have a size of 5.47km.

The purpose of the Metropolis Council and the organisers of the race is to start work on the amenities and the circuit in April.

5 provides have been submitted, two from two building firms and three from enterprise conglomerates, to steer the development of the required amenities.

The deadline for the execution of the works to have every part prepared for the grand prix is 14 months, so even beginning in Could would nonetheless give the town some margin, for the reason that race is anticipated to be held in September subsequent yr.

Talking on Monday to Europa Press, Martinez-Almeida urged to remain “calm” and insisted the race “will probably be held and will probably be a hit.”

Martinez-Almeida stated all of the events concerned are working “very intensely to have the ability to make it a actuality” and that every part was transferring ahead “as deliberate”.

Though it has not but been introduced who will finance the venture, Martinez-Almeida stated the funding will come from non-public firms and won’t use public cash.

The mayor was additionally essential of his political rivals claiming he’ll use public cash for the F1 race, saying “the Spanish Authorities has offered 70 million euros for the America’s Cup to be held in Barcelona or that the Catalan establishments spend 50 million euros for Formulation 1 in Barcelona”.

Barcelona has hosted the Spanish GP since 1991, though F1 CEO Stefano Domenicali stated final yr that Madrid’s deal didn’t imply the Catalan circuit had no future on the F1 calendar.

“For the avoidance of doubt and to make clear right here, the very fact we’re in Madrid will not be excluding the very fact we may keep in Barcelona for the longer term,” Domenicali stated.

“Wanting forward, there are discussions in place to see if we are able to actually lengthen our collaboration with Barcelona, with whom we now have an excellent relationship, for the longer term.”