As expected, the organisers of the Grand Prix of America, scheduled to take place on a street circuit on the shores of the River Hudson in New York, have announced that the race has been postponed until 2014.

Leo Hindery, Jr, the promoter of the New Jersey event, admitted that more time is needed to get everything organised with 'ongoing construction issues' on the unique riverfront street course blamed for the delay.

"We are going to be racing at Port Imperial, unfortunately just not as soon as we hoped and expected," said Hindery, Jr.

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"We promised Governor Christie, the Towns, the sport and its international fans the best possible experience, and unfortunately we need additional time to ensure that happens.

"We do though, remain 100 percent committed to the Grand Prix of America at Port Imperial and the race could have no better partner and friend than the CEO of Formula One, Bernie Ecclestone. We benefit greatly from his experience and counsel and from his support."

Ecclestone meanwhile has also said he is fully committed to the event and that it will happen in 2014.

"I remain totally committed to the Port Imperial race and its unique location and attributes, and we will continue to work closely together to realise our dream in 2014.

"As Leo says, we are still going to be racing at Port Imperial, now however in 2014," Ecclestone added.

The construction issues cited include the additional time needed for the development of 'complex' Hudson Riverfront facilities and for finishing the second pits and paddock garage on the site.

It was also pointed out by the organisers that 'significant progress' has been made toward developing the race, including "substantial construction of the first garage and other permanent facilities, extensive track engineering and operations planning, hiring of senior staff and partnering with key vendors to manage hospitality, security, ticket sales, transportation planning and operations."