Tehran: Iran has decided to build a track for Formula One in Parand City, 35km south of Tehran. Apex Circuit Design has been given contract for this project, which is the first of its type in Iran.
Company director Martin Baerschmidt hailed the design, saying, "We were really surprised after seeing the landscape. Planning and construction would follow all Formula One standards. We want to improve the level of immunity and excitement as well." The five-kilometer-track will be inaugurated within six months.
The first phase of the project would cost $30 million and the second phase is expected to cost USD 55 million. Alireza Sabbagh, executive manager of the project, is optimistic about the undertaking. "Iran has so many young people and there is an increasing tendency for them to drive. Formula One has a great future in the Asian country," Sabbagh said.