SPORT-F1-IND 2LST
PTI | 10:08 PM,Aug 29,2010The track needs to be completed by July 30 and it will get a go-ahead subject to the FIA's homologation. India's F1 race will be held at Jaypee Circuit, which is under construction now in Greater Noida, about 50 kilometers from the national capital. The estimated cost to develop the 5.15 km circuit is about USD 215 million with a seating capacity of 150,000.The construction work needs to completed by June 2011. Mallya was confident that the track would meet the deadline and live up to the necessary specifications. "I would like to record my appreciation for the bold initiative taken by the Jaypee Group in establishing a greenfield F1 race track at Noida. From the regular reports I have received, construction is in full progress and the track with considerable supporting infrastructure will be ready well in time for the 2011 event," he said. Mallya also said that the country will become one of the most attractive sporting destinations in the future. "India's economic growth, young and aspirational demographic and the growing popularity of F1 in the country make it one of the most attractive future destinations for a high technology-driven and fantastically competitive sport like F1 where both man and machine are tested to the absolute limit," he added.
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