Monday, October 24, 2011

F1 circuit planned in Mumbai

Maharashtra State Road Development Corporation has appointed a consortium to prepare the masterplan and business case for a new multi-purpose race circuit and regeneration project in Mumbai. This consortium has experience of designing the 2012 Olympic stadium and the new layout of the Silverstone track. They have to identify potential locations in and around mumbai which can have several associated developments leading to regeneration of Mumbai. They will also create a business case for the longterm financial viability of this circuit and will also keep the social and environmental aspects in mind. The consortium will work closely wit FIA and FIM, the governing bodies for Formula 1 and motorcycling respectively.

Considering that several countries have two venues, India too can have two venues. With a population of 1.21 billion, India can very well have two circuits and have races in the same year. The Budh International Circuit which will have its first race on 30th October 2011, is in North India in the state of Uttar Pradesh and the circuit in Mumbai, if it happens, being located in the west in the state of Maharashtra will be more than 1000 kms apart and will be able to be financially successful.

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