Abu Dhabi F1 circuit gets $204M The Abu Dhabi Formula 1 circuit has got a contractor financing of 750 million dirhams (204 million U.S. dollars) for its construction, local newspaper Khaleej Times reported on Sunday. The loan was co-arranged by three leading banks operating in the United Arab Emirates (UAE) -- BNP Paribas, Mashreqbank and HSBC, the report said.
By joining their efforts, the three banks have met the requirements of the constructor Cebarco WCT, a joint venture between Bahrain's Cebarco SPC and Malaysia's WCT Engineering.
The Abu Dhabi F1 circuit is developed to hold the Abu Dhabi F1 Grand Prix from 2009 for a renewable seven year term.
At a length of around 5.6km, the circuit will include high speed areas ending in tight overtaking turns, a street section and a marina section.
It is estimated to be one of the longest and most demanding tracks in the world.
The circuit will be built on Yas Island, a natural 2,550 hectare island located to the east of Abu Dhabi island, which will also feature a Ferrari theme park, signature hotels, golf courses and a retail area of 300,000 square meters. Source
Copyright 1999-2014 | AutoRacing1 is an
independent internet online publication and is not affiliated with, sponsored by, or endorsed
by IndyCar, NASCAR, FIA, Sprint, or any other series sponsor.
This material may not be published, broadcast, or redistributed without