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Greece announces plans to build F1 circuit

Greece has revealed its intention to join the F1 schedule in the not-too-distant future, with plans to build a racetrack close to the western port of Patras
Greece is the latest country to have announced its intention to join the F1 calendar in the near future, having approved plans to construct a grand prix-standard circuit close to the western port of Patras.

Following decades of government debates over the potential benefits of welcoming F1, environmental fears and opposition from local residents, the €94 million project – to be partly-subsidised by the Greek state – is expected to take three years to bring to completion.

The circuit will be designed to host not only F1 but also motorcycling and karting events, and is to be located close to the town of Farres, twelve miles south-east of Patras.

Former Patras Mayor Evangelos Floratos – now in charge of the company formed to manage the F1 project – told Ta Nea that 'it has taken many years to reach this point', with regional governor Apostolos Katsifaras adding that 'the track will help support development...Western Greece stands to gain a great deal'.

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May 12, 2011 3:03 PM

If this is not 100% private funded, and if the UK taxpayer has to spend a single penny on it, then I for one will be knocking at my MP's door. I heard on news yesterday that some Greek state employees get paid a bonus for washing their hands, and others get a bonus for turning up on time! Is it any wonder....

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