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F1 set for Shanghai
China, Oct 16: Formula One bosses will this week sign a deal to hold a Grand Prix in China from 2004, according to the company building the circuit.
China, Oct 16: Formula One bosses will this week sign a deal to hold a Grand Prix in China from 2004, according to the company building the circuit.
Work has already begun on a 3.39-mile track in Shanghai, China's richest city.
And the Shanghai International Circuit Company Ltd says F1 chief Bernie Ecclestone and FIA president Max Mosley will agree a seven-year contract on Sunday.
"Mr Ecclestone and Mr Mosley will visit Shanghai very soon," said a company official.
"They will participate in the opening ceremony for work on the track.
"And on 20 October they will sign an agreement to hold a Formula One Grand Prix event in Shanghai from 2004 to 2010."
The Chinese company said in July that it had an agreement in principle to stage races in the city. The F1 season currently takes in 17 races, with just six outside Europe.
Malaysia gained its own race in 1999, and the US GP made a comeback at Indianapolis in 2000 after a 10-year absence.
A new circuit outside Moscow is scheduled to be finished by next year and India, Dubai, Egypt and Turkey are also vying to join the F1 calendar in 2004.
Bureau Report
And the Shanghai International Circuit Company Ltd says F1 chief Bernie Ecclestone and FIA president Max Mosley will agree a seven-year contract on Sunday.
"Mr Ecclestone and Mr Mosley will visit Shanghai very soon," said a company official.
"They will participate in the opening ceremony for work on the track.
"And on 20 October they will sign an agreement to hold a Formula One Grand Prix event in Shanghai from 2004 to 2010."
The Chinese company said in July that it had an agreement in principle to stage races in the city. The F1 season currently takes in 17 races, with just six outside Europe.
Malaysia gained its own race in 1999, and the US GP made a comeback at Indianapolis in 2000 after a 10-year absence.
A new circuit outside Moscow is scheduled to be finished by next year and India, Dubai, Egypt and Turkey are also vying to join the F1 calendar in 2004.
Bureau Report