Greece has set aside almost EUR 30 million to subsidize the construction of a formula one circuit, the country's development ministry said.
Bloomberg reports that, despite Greece's deep economic woes, the track will be built near the western port city of Patras at a total cost of just under EUR 95 million.
Private investment company Racetrack Patras SA will oversee the project, journalist Paul Tugwell wrote.
About the author
Leopold Pleijsier founded F1-Fansite.com in 2001 and has followed Formula 1 since the early 1980s. He writes about daily F1 news, race weekends, drivers and the sport’s history.
Related topics
Greece has set aside almost EUR 30 million to subsidize the construction of a formula one circuit, the country's development ministry said.
Bloomberg reports that, despite Greece's deep economic woes, the track will be built near the western port city of Patras at a total cost of just under EUR 95 million.
Private investment company Racetrack Patras SA will oversee the project, journalist Paul Tugwell wrote.
About the author
Leopold
Leopold Pleijsier founded F1-Fansite.com in 2001 and has followed Formula 1 since the early 1980s. He writes about daily F1 news, race weekends, drivers and the sport’s history.
Related topics