Greek gov't to subsidise F1 track

Greek atmosphere
Greek atmosphere

Photo by: Citroën Communication

Oct.2 (GMM) Greece has set aside almost EUR 30 million to subsidise 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.

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About this article
Series Formula 1
Teams Citroën World Rally Team
Article type Breaking news
Tags greece, patras
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