Phillip Island will continue to welcome the World Superbike Championship for another three years after an agreement was reached to extend its contract to 2014.

The Australian circuit, which will herald the start of the 2010 World Superbike season this weekend, has been a popular mainstay of the calendar since 1990 when it assumed hosting duties from Oran Park. It has hosted a round every year since, with the exception of 1993.

A favourite venue for spectators, a number of riders also consider Phillip Island to be one of the most thrilling challenges on the calendar, with the announcement that it will host races until 2014 being met with delight.

"This is great news for Victoria, given the increased worldwide media interest afforded to the hosts of the first round," said Victorian Minister for Tourism and Major Events Tim Holding.

"Hosting the official testing will see all teams arrive at Phillip Island a week early providing a further boost to the local economy. The Superbike World Championship delivers around AU$15 million in economic benefits to the Victorian economy, attracts almost 10,000 interstate and overseas visitors, and provides Victorians with an opportunity to see world class motorsport in their own backyard."

"It gives me and everyone at Infront Motor Sports great pleasure to confirm that, with the support of the Government of Victoria, the contract with the Phillip Island circuit has been extended until 2014, with an option for further extensions" added InFront's Paolo Flammini.

"I would also like to thank the circuit organizers and everyone who contributes to this great show for their partnership and boundless enthusiasm. The FIM Superbike World Championship is growing in importance every year, with the participation of no less than seven manufacturers, and the Phillip Island round is definitely one of the most popular on the calendar, a real favorite for the spectators, teams and riders.

"Although Australia is a long way from the main part of our season in Europe, I can assure everyone that this round is absolutely at the centre of our thoughts and plans for each and every season."

Phillip Island will also host the traditional pre-season test for the next two seasons too.