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Greek government to subsidise F1 track

  • Published on 02 Oct 2012 09:05
  • comments 0
  • By: Rob Veenstra
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. (GMM)

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