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JOHNNYBET

Singapore to build permanent racetrack

NEWS STORY
31/10/2007

Singapore, which is to host the first ever night race in the history of Formula One, is to build a permanent racetrack in the hopes that the event will kick-start a motor sport industry in the city state.

Next year's maiden race will take place on a - yet to be approved - street circuit, however, the minister for community development, youth and sports, Vivian Balakrishnan, has revealed that a permanent facility is to be built as Singapore looks to the future.

"The government has identified the motor sports industry as a growth industry that will contribute to sports development and the economy in Singapore," said Balakrishnan in a statement. "Motor sports development is expected to lead to the birth and growth of direct and indirect motor sport businesses in sectors like services, engineering, logistics, training and education."

The announcement of a permanent track - which should be completed by 2011 - comes a week after the FIA officially gave the green light to the night race.

The current deal - which will see Singapore host its maiden GP on September 28 next year - is for five years, and is part of the city state's drive to attract more industry and tourism.

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