The final cost of the project to bring formula one to Russia was massively higher than first estimated. The Russian business daily Vedomosti reports on Thursday that, instead of EUR 142 million, the race track project at Sochi actually cost 260 million.
The figure was confirmed by Guennadi Saienko, representing the race promoter Omega Center. "It (the original figure) was a rough calculation, not taking into account many of the necessary requirements of the designer, the company Tilke GmbH, which has supervised the construction," he said.
It had also been claimed recently that an organisational dispute between the promoter and Russia's sanctioning body had meant a key FIA race application date was missed. But Dmitry Erofeyev, also representing the promoter Omega, said Sochi will be on the 2014 calendar. "When the calendar is published, you will see our grand prix there, even without an asterisk," he said. (GMM)
Cost of Sochi track massively higher than estimated - report
- Published on 26 Sep 2013 16:24
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- By: Rob Veenstra
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M. Verstappen
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L. Hamilton
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C. Leclerc
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Formula 1 Calendar - 2026
Date
Grand Prix
Circuit
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Spain
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Bahrain
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Bahrain
Formula 1 Calendar - 2026
Date
Grand Prix & Circuit
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Spain
Circuit de Catalunya
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Bahrain
Bahrain International Circuit
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Bahrain
Bahrain International Circuit
6 - Mar 8
Australia
Albert Park
13 - Mar 15
27 - Mar 29
Japan
Circuit Suzuka
10 - Apr 12
Bahrain
Bahrain International Circuit
17 - Apr 19
Saudi Arabia
Jeddah Street Circuit
1 - May 3
United States of America
Miami International Autodrome
22 - May 24
Canada
Gilles Villeneuve
5 - Jun 7
Monaco
Monte Carlo
12 - Jun 14
Spain
Circuit de Catalunya
26 - Jun 28
Austria
Red Bull Ring
3 - Jul 5
United Kingdom
Silverstone
17 - Jul 19
Belgium
Spa-Francorchamps
24 - Jul 26
Hungary
Hungaroring
21 - Aug 23
Netherlands
Circuit Zandvoort
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