$200m investment earmarked for the projectThe redevelopment of Austria's defunct Formula One circuit, the A1-Ring, may be about to get back on track.
Red Bull billionaire Dietrich Mateschitz's original $800m project at Zeltweg had to be axed, but reports in the country
indicate that new plans have been devised for a Grand Prix-standard circuit.
A probably lengthy process of politics and bureaucracy has now begun, but it is understood that the ultimate objective is to restore the demolished venue so that it is capable of hosting race and test sessions.
Nearly $200m has been earmarked for the project by private investors including Red Bull, Volkswagen and Audi, the reports suggest.
F1 last raced at the picturesque A1-Ring setting in 2003, before the grandstands and pit buildings were demolished in 2004.
Source GMM CAPSIS International
