The new Formula 1 circuit which will host next year’s Spanish Grand Prix will be built in a collaboration between two companies.
Spanish infrastructure firm Acciona announced it had formed a consortium with Eiffage Construction to construct the circuit and signed a deal with the event promoter, Ifema Madrid. The contract was put out to tender for €111 million (£95m), and awarded for €83.2m.
Formula 1 announced last year the Spanish Grand Prix will be held on a new semi-permanent track in Madrid. The 5.47-kilometre course will be called the Madring.
Both companies involved in the track’s construction have prior experience of working on circuits which meet the FIA’s grade one certification required to host Formula 1 events. Eiffage handled the resurfacing of the Jerez grand prix circuit, which F1 last visited for testing 10 years ago, while Acciona developed the infrastructure at Motorland Aragon, which has never held a round of the world championship.
As only around a quarter of the Madring will be formed by public roads, several kilometres of purpose-built track will be laid, including the signature banked corner named Valdebebas. The project’s cost will include the creation and removal of temporary structures for the race and restoring public roads after the event.
The companies intend to reduce the environmental impact of the construction works by using hydrotreated vegetable oil (HVO) to power its machinery. It also stated 60% of the earth displaced by the project will be reused in the construction and the rest retained for use in other projects.
Construction is due to begin this month and be completed by May next year. The date of the inaugural event, which will also include Formula 2 and Formula 3 support races, has not yet been announced. F1 announced last year it had agreed a 10-year deal with the promoters.
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