Organisers of Components 1’s Madrid Grand Prix have eased issues over the race’s timeline by awarding a young for the development of the hybrid avenue circuit.
On Tuesday a contract was signed with Spanish development agency ACCIONA (60%) and France’s Eiffage Building (40%), who will kind a three way partnership to assemble the 5.47km circuit near Madrid’s Barajas airport, across the IFEMA fairgrounds.
In January Madrid mayor Jose Luis Martinez Almeida introduced works on the circuit would begin in April, however delays within the procurement course of – which Motorsport.com understands concerned 5 bidders – meant the occasion was beginning to come underneath stress to prepare in time for its deliberate September 2026 debut.
The newest deadline to begin development has now been set for early Might, with it understood the beginning of the works cannot be delayed for much longer to make sure a sensible 14-month timeline. Motorsport.com has realized constructing permits are set to reach subsequent week, and that work ought to start quickly after that.
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“We’re going to grant the licence and in precept we must always be capable to begin in Might for the F1 circuit to have the ability to host it for the 2026 season,” Almeida instructed Telemadrid.
“Ultimately, after greater than 40 years, Components 1 will return On this case to the streets of Madrid, as a result of it is going to be a avenue circuit, which is consistent with what F1 desires: city circuits.
“We provided them that risk, they accepted, and subsequently the folks of Madrid will be capable to take pleasure in Components 1 in 2026. However the most effective proof that it’ll happen, I insist, is that in May fit will start on the circuit.”
Madrid will take over the Spanish Grand Prix moniker from Barcelona, which is at present set to host its final race in 2026 except it will possibly safe a brand new contract. Out of the present 24 races Imola’s Emilia Romagna Grand Prix is all however assured to lose its slot on the calendar.
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