Thailand OK's $1.23bn bid for Bangkok F1 race

Thailand's furniture has approved a bid to big a Formula 1 thoroughfare contention successful Bangkok arsenic aboriginal arsenic 2028, officials said connected Tuesday.

Government spokesperson Jirayu Houngsub told a quality league that the archetypal bid would beryllium to big 5 events betwixt 2028 and 2032.

"In the adjacent 2 to 3 years, Thailand volition person world-class competition, which we ne'er thought would really hap successful Thailand," Jirayu said.

Tourism Minister Sorawong Thienthong added that the bid is worthy astir $1.23 billion.

The projected way would beryllium a 3.54-mile thoroughfare circuit located betwixt the Krung Thep Aphiwat Central Terminal Station and Chatuchak Park successful an country to the northbound of the city's centre.

Thai Prime Minister Paetongtarn Shinawatra attended the Monaco Grand Prix past period successful the latest of a bid of meetings with F1 CEO Stefano Domenicali astir the proposal.

F1 announced a fully-packed 24-race calendar for 2026 past week, with the caller summation of Madrid replacing the Emilia Romagna Grand Prix astatine Imola.

A fig of existing contention contracts are owed to expire earlier Thailand's projected introduction successful 2028, with the Dutch Grand Prix acceptable to autumn disconnected the calendar aft its 2026 lawsuit and Barcelona improbable to clasp its spot present that Madrid has been added.

The Belgian Grand Prix astatine Spa-Francorchamps is acceptable to go a biennial lawsuit from 2027 onwards, meaning it volition not beryllium held successful 2028 and 2030 earlier its declaration expires successful 2031.

On Tuesday, F1 announced the Canadian Grand Prix successful Montreal had extended its contract until 2035, portion Miami holds the longest woody with the athletics done to 2041.