Published: Sat, May 11, 2019
Sport | By Kayla Schwartz

Brazil's president: Rio to host Formula One again in 2020

Brazil's president: Rio to host Formula One again in 2020

The president then tweeted, "After our victory in the elections, Formula 1, which would leave Brazil, decided not only to remain, but also to build a new race track in RJ [City of Rio de Janeiro], which will have the name of the idol Ayrton Senna".

Brazilian president Jair Bolsonaro, who was elected towards the end of past year, has tweeted news that the country's grand prix will move to a newly-built track in Rio.

President Jair Bolsonaro said Wednesday that the new race track will be built in six to seven months, once work begins.

This year's Brazilian Grand Prix is once again scheduled to take place at the 15-turn, 2.677-mile (4.308-kilometer) Autodromo Jose Carlos Pace road course in Sao Paulo, Brazil. "The hotel sector will be happy, the state economy as well since it will be six or seven thousands jobs generated".

Bolsonaro also claimed that the new circuit would be privately financed and be named after Ayrton Senna, the three-time Formula One world champion.

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"São Paulo, as there was public participation, a huge debt, became unfeasible for the permanence of Formula One there", Bolsonaro said, according to the Reuters news agency.

If Formula One does indeed move to Rio de Janeiro in 2020, it will end Sao Paulo's hosting duties which stretch back to 1990. "And both parties (F1 and City Hall) continue to honour their commitments", they said in a statement.

The Brazilian Grand Prix is set to have a new home in 2020 with a new purpose-built circuit planned for Rio de Janeiro.

Rio previously hosted F1 at the Jacarepagua circuit in 1978 and from 1981 to 1989 before it was deemed too unsafe and Interlagos was rebuilt. That track was however demolished in 2016 in order to make room for the Olympic Park.

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