France is on the brink of regaining a place on the F1 schedule as part of a share with the Belgian GP at Spa-Francorchamps.
According to reports by French newspaper Le Figaro
the deal should be signed later this month, with the event at Paul Ricard then set to take place every other year from September 1 2013. The 'paper adds all that remains is for France's Prime Minister, François Fillon to give it the 'green light'.
News that the French GP could be revived follows on from positive comments made last month by Gilles Dufeigneux – the man appointed to lead the project.
"All the indicators are green now, or soon will be," he told Nice-Matin
in December. "My current mood is summarised with three words: optimism, prudence, humility. We have entered the stage of completion and we can say that final decisions will be made very soon, in January or early February."
Three French drivers will be on the F1 grid this season in the shape of Romain Grosjean, Jean-Eric Vergne and Charles Pic.
France last hosted a round of the F1 World Championship in 2008 at Magny-Cours. The last F1 race at Paul Ricard took place in 1990 when Alain Prost took a popular home win.
In 1999, Le Castellet was bought by Excelis - a company that interestingly is owned by Ecclestone...