Malaysian firm mulling construction of Formula One track in Turkey
Malaysia’s WCT Engineering has reportedly been approached to undertake the construction project of Istanbul’s new race circuit, in the hopes of landing a spot on the Formula One calendar, sometime after 2005.
Still at the design stage, work on the grand prix auto racing track, which could cost as much as $100 million, is scheduled to commence during 2003 and last up to three years. WCT is also involved in constructing an F1 circuit in Bahrain.
A Turkish private limited company is hoping to convert an abandoned state-owned coal mine in Kemerburgaz, on the outskirts of Istanbul, into an auto-racing venue. — (menareport.com)
© 2003 Mena Report (www.menareport.com)