Canadian Grand Prix is secured for 10 years and the ageing facility will be renewed by 2017.
Jun.8 (GMM) The future of the Canadian Grand Prix has been secured for the next ten years.
As expected, a new deal worth more than $200 million, including plans to renovate the ageing facility by 2017, was announced at Montreal's Circuit Gilles Villeneuve on Saturday.
"I think it (the news) is great," said world champion Sebastian Vettel on Saturday.
"I think it's one of the few places on the calendar where the whole city really parties all weekend long and really appreciates the Grand Prix being here."
"It's great," agreed championship leader Nico Rosberg, "because Montreal is one of the best races of the year.
"It's a great track, the fans are fantastic, so I'm very happy and I'm sure everybody is that we're going to be coming here a lot more often in the future."