Construction of a new Form🌳ula 1 circuit in Madrid will begin this month ahead of the Spaniꦜsh capital’s inaugural grand prix in 2026.

Organisers expect the circuit, which will be built around the ༺IFEMA Madrid convention centre, to be ready by May 2026.

The contract for construction wor♛k has been awarded to a joint venture comprising AC🀅CIONA (60%) and Eiffage Construcción (40%) for €83.2 million, down from an initial budget of €110 million.

ACCIONA was previously involved in building the Motorland Aragon Circuit in Alca𓂃n🌳iz, while Eiffage carried out resurfacing at Jerez and Carmona.

The two companies will not only be responsible for constructing the Madrid circuit, 168澳洲5最新开奖结果:which has been named Madring, but also for installing and dismantling temporary structures and restoring public roads to their origi𒁃nal state.

The organisers stated that recycled materials and env✤ironment-friendly methods will be used during construc❀tion, claiming the use of Hydrotreated Vegetable Oil will reduce emissions by 90% compared to traditional fuels.

Electricity used to power the construction facilities will alsౠo be derived from renewable sources.

The new Madring track will be 5.4km long, with 4.1km running through the IFEMA grou𝔍nds and the remaining circuit running along public roads.

This make꧂s Madring akin to the Miami Autodrome, which is built around the Hard Rock Staಌdium in Florida.

Madrid will🦩 take over from Barcelona as the host of the Spanish Grand Prix from 2026 as part of a new 10-year deal with F1.

The Circuit de Barcelona-Catalunya has a contract with F1 for next season,🌼 but the race will not ru🦋n under the Spanish GP banner.