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Cost of Sochi track massively higher than estimated - report

Cost of Sochi track massively higher than estimated - report

  • Published on 26 Sep 2013 16:24
  • comments 0
  • By: Rob Veenstra
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)
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Bahrain
26 - Mar 28
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Formula 1 Calendar - 2021

Date
Grand Prix & Circuit
-
Bahrain Bahrain International Circuit
26 - Mar 28
Bahrain Bahrain International Circuit
16 - Apr 18
Italy Autodromo Enzo e Dino Ferrari
30 - May 2
Portugal Autódromo Internacional do Algarve
7 - May 9
Spain Circuit de Catalunya
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Azerbaijan Baku City Circuit
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France Paul Ricard
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Austria Red Bull Ring
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Austria Red Bull Ring
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United Kingdom Silverstone
30 - Aug 1
Hungary Hungaroring
27 - Aug 29
Belgium Spa-Francorchamps
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Netherlands Circuit Zandvoort
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Italy Monza
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Russian Sochi Autodrom
1 - Oct 3
Singapore Marina Bay Street Circuit
8 - Oct 10
Japan Circuit Suzuka
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