F1 could go to the Ukraine in the future, after officials in Kiev confirmed plans this week to build an international circuit.

Construction work is due to begin next year and in total $1 billion will be spent on the 5.2 kilometre track. A working group to deal with design approvals has already been established and 100 hectares of land has also been 'allocated' to the project.

"We will build an international track in the Polissia and Ivankiv districts in order to host international competitions," Head of Kiev Regional State Administration Anatoliy Prysiazhniuk told the Kyiv Post during a press conference held at the start of this week.

Prysiazhniuk added that an investor has already been secured and that in addition to the track, money will be spent on the ensuring all the necessary infrastructure is in place, including a number of hotels.

"I saw the project, and experts from Europe assessed it," he added. "The project was drafted by a person from Denmark who built the tracks in the [United Arab] Emirates, Singapore and other countries.

"The track will meet all modern requirements. The project should be implemented in at most two years."

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