Work is set to start on the new circuit in Austin, Texas which will become the home of the American Grand Prix from 2012 onwards.

Organisers had insisted that work needed to start this month in order to meet the deadlines in place to ensure the venue is ready for its debut race.

According to local newspaper reports, permission has been granted for initial grading work to begin at the site ahead of final approval being granted by the Federal Emergency Management Agency.

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At the same time as the news emerged that work can begin, promoters have confirmed that Austin Commercial, a subsidiary of Austin Industries and one of the largest construction companies in Texas, has been selected as the general contractor for the venue.

Austin Commercial will be responsible for the day-to-day oversight of the construction site and management of vendors and subcontractors which will account for as much as 95 per cent of the overall contract value.

"During this selection process we were fortunate to have the opportunity to work with many of the nation's leading general contracting firms which made this a difficult decision. In the end, the depth of Austin Commercial's local experience, diversity inclusion program and under-promise over-deliver record made them a solid choice," said Tavo Hellmund, chairman of the Formula 1 United States Grand Prix.

"We are pleased that Austin Commercial has joined the construction team and are confident that their years of general contracting expertise will ensure we continue to stay on track for the first event in 2012."