According to a statement from the Regional Development and Competitiveness Ministry, Greece has approved plans to build a Formula 1 racing track, south of Patras in the Peloponnese, after years of debating where to set up the circuit. In a 94.6 million euro investment, the project will include buildings and facilities to support the racing track the Ministry stated and the constructions will be ”of an international standard”. Its exact location is 20 kilometres southeast of Patras in the Halandritsa area.
”According to the statement , the track will be able to host Formula One cars, Super bike and Go-Kart racing,”. The project is expected to be completed in 36 months and needs to be approved by the Parliament. ”After the completion of the investment, 497 new job positions are expected to be created and a significant boost to tourism in the region”.
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