So is F1 coming to town?
March 9 (Bloomberg) - Singapore may build a S$15 million permanent motor sports racing track on a 50-acre site in the west of the city-state, the Business Times said, citing people it didn't name.
Funding for the project, which is expected to help boost tourism, may come from Singapore Agro Agricultural, which declined to comment on the project immediately, the newspaper said. The site will include a 3-kilometer circuit, a country club, restaurants and a shopping center, it said.
JTC Corp., which owns the land where the track may be built, called the project "confidential,'' the report said. JTC is Singapore's biggest industrial landlord.
The track will be sanctioned by the Federation Internationale de I'Automobile, or FIA, the world governing body for motor sports though it won't be used for Formula One races, the Business Times said.
March 9 (Bloomberg) - Singapore may build a S$15 million permanent motor sports racing track on a 50-acre site in the west of the city-state, the Business Times said, citing people it didn't name.
Funding for the project, which is expected to help boost tourism, may come from Singapore Agro Agricultural, which declined to comment on the project immediately, the newspaper said. The site will include a 3-kilometer circuit, a country club, restaurants and a shopping center, it said.
JTC Corp., which owns the land where the track may be built, called the project "confidential,'' the report said. JTC is Singapore's biggest industrial landlord.
The track will be sanctioned by the Federation Internationale de I'Automobile, or FIA, the world governing body for motor sports though it won't be used for Formula One races, the Business Times said.