F1 Extends Singapore Grand Prix Race Deal
Formula 1’s Singapore Grand Prix will continue to be held for another seven years following an extension of the race’s contract.
The multi-year renewal for the Marina Bay Street Circuit race, spanning the editions from 2022 to 2028, was agreed between Singapore GP Pte Ltd (SGP), the Singapore Tourism Board (STB), and Formula 1.
Organisers said sustainability will feature prominently in future races, with the STB and SGP working together to reduce the carbon footprint of the Singapore event. This will boost the broader drive across the championship to adopt more sustainable business models, with initiatives including an expansion of recycling efforts and utilising sustainable materials to reduce carbon emissions.
Stefano Domenicali, Formula 1’s President and Chief Executive, said, “The Marina Bay Street Circuit hosted the first night race in F1 history in 2008, and Singapore has continued to thrill fans, teams, and drivers ever since. Singapore holds a special place on the F1 calendar, and this extension is part of our long-term commitment to continue to grow the sport in Asia.
“The plans that are in place to reduce the carbon footprint of the event are impressive and align with our plans to be net zero carbon as a sport by 2030 and I look forward to continuing our successful relationship with Singapore GP and the Singapore Tourism Board as Formula 1 returns to this incredible city.”
The 2022 Singapore Grand Prix is set to take place on 2nd October after the 2020 and 2021 events were cancelled due to the Covid-19 pandemic.
Image credit: Unsplash
