Formula One has signed a seven-year agreement to keep the Singapore Grand Prix on its schedule until 2028.
The street circuit debuted as F1’s first night race in 2008 and has been a popular event on the calendar ever since.
The race has been canceled in 2020 and 2021 due to the COVID-19 pandemic, but will return this year and remains on F1’s extended schedule to 2028.
F1 has reached an agreement with the Singapore Grand Prix promoter and the country’s tourism board. Singapore’s previous contract was a four-year deal agreed in 2017, meaning it expires in 2021.
“I am delighted that Formula One will continue to race in Singapore for another seven years,” said F1 CEO Stefano Domenicali. “The Marina Bay Street Circuit hosted the first ever night race in F1 history in 2008, and Singapore has continued to thrill fans, teams and drivers ever since.
“Singapore holds a special place in the F1 calendar, and this extension is part of our long-term commitment to further develop the sport in Asia. Plans to reduce our carbon footprint the event was impressive and in line with our plan to become a Net Zero Carbon sport by 2030 and I look forward to continuing our successful relationship with the Singapore GP and the Singapore Tourism Board as Formula One returns to this incredible city.”
The contract notice includes details of how the race promoters intend to make the light-filled event more sustainable, including “switching to renewable energy sources” and “increasing renewable efforts”. regime”.
Mr. S Iswaran, Singapore’s Minister of Transport and Minister for Trade Relations, said extending the agreement was key for the country’s tourism industry.
“Even as we deal with the immediate challenges of the pandemic, it is important for us to focus on long-term recovery and growth. F1 Singapore continues to be the center of attraction for visitors. travel, global events and business meetings We have decided to continue hosting the F1 race for another 7 years, after a thorough assessment of the long-term benefits that the extension could bring back to Singapore.
“Innovation will help maintain Singapore’s reputation as a global city with a vibrant lifestyle, attract international visitors as tourism picks up again, and generate business revenue and jobs for residents.” Singapore We will ensure that this year and future races, as large-scale international sporting events, are COVID safe, informed by the prevailing pandemic situation and assessment. public health.”
In recent years, there has been speculation that the location of the circuit could move away from Marina Bay, but there was no mention of it in the announcement. However, development plans around Float @ Marina Bay, a large bay overlooking the bay providing views for a brief stretch of the current layout, could mean tweaks to the circuit in the future. future.
