Madrid’s mayor has insisted that the work to host a System 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 F1 to host the Spanish Grand Prix on a purpose-built hybrid circuit.
The observe will function avenue and non-street sections across the IFEMA conference centre and may have a size of 5.47km.
The goal of the Metropolis Council and the organisers of the race is to start work on the services and the circuit in April.
5 presents have been submitted, two from two building firms and three from enterprise conglomerates, to guide the development of the required services.
The deadline for the execution of the works to have all the pieces prepared for the grand prix is 14 months, so even beginning in Might would nonetheless give town some margin, because the race is anticipated to be held in September subsequent 12 months.
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 all the pieces was transferring ahead “as deliberate”.
Though it has not but been introduced who will finance the undertaking, Martinez-Almeida stated the funding will come from non-public firms and won’t use public cash.
The mayor was additionally crucial 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 System 1 in Barcelona”.
Barcelona has hosted the Spanish GP since 1991, though F1 CEO Stefano Domenicali stated final 12 months 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 actual fact we’re in Madrid is just not excluding the actual fact we may keep in Barcelona for the longer term,” Domenicali stated.
“Wanting forward, there are discussions in place to see if we will actually lengthen our collaboration with Barcelona, with whom now we have an excellent relationship, for the longer term.”
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Jose Carlos de Celis
System 1
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