CT looking to host F1 - Ecclestone lends support

[BobbyMac]

Cape Town - A private sector initiative to build an F1 race track near Cape Town, has been announced on Thursday

Mayoral committee member of economic development and tourism, Simon Grindrod has announced his department's support for a private sector initiative which is proposing a R4 billion investment into the Cape Flats.

http://www.wheels24.co.za/Wheels24/NewsPics/0,7833,1369-1375_2077112,00.html and http://www.wheels24.co.za/Wheels24/NewsPics/0,7833,1369-1375_2076986,00.html

 

[vespax]

As long as it doesn't end up using loads of public funds to complete it, the 'private sector' can do whatever they want out there within reason.

Grindrod has however assured that the R4bn project "won"t cost the city at all".