Formula One news

British investors to build F1 track in Bulgaria

According to Darik News, British investors plan to construct a Formula One racing track in the seaside region of Kavarna.

The mayor's office has announced that the consortium is planning to invest over 15 million euros, which they think is sufficient to meet the necessary requirements of a modern F1 track. Since October last year there has been speculation of a circuit being built in Bulgaria to host an F1 race, most notably of a Dutch group that met with government officials in Silven in south Bulgaria, but now mayor Tsonko Tsonev is planning to present the proposal of the British group to the Municipal Council on 26 September.

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