The prospect of a South African grand prix is back on the agenda, after a consortium of private companies vowed $500 million to attract formula one to Cape Town.
The so called Grand Prix Corporation’s plan is for an inaugural race in the western city in 2011, with land adjacent to the international airport earmarked for a purpose-built circuit.
Also led by David Gant, who on Friday fronted a media meeting to announce the new plans, South African interests tried to put together a grand prix a couple of years ago.
The project floundered due to an apparent lack of government support, and, this time, the project rests on the government making the required land available.
Gant said: “F1 wants a GP in Africa, specifically in Cape Town.
“So, if we get the land issue sorted, I’m pretty confident that during the course of 2007 we will be able to present a viable licence application.”
Near Johannesburg, the Kyalami circuit hosted the last South African GP in 1993.
GMMF1
DailyF1News.com
