New Canadian GP contract set to be announced

Motor Racing Circuits

The Canadian Grand Prix looks set to keep on to its popular place on the annual Formula 1 calendar.

Montreal race promoter Francois Dumontier has sounded alarmed in recent weeks and months, as the backing of the event by the varying levels of Canadian government was holding up the signing of a new ten-year contract beyond 2014.

But La Presse, the French-language Quebec newspaper, has now said that Formula 1 will continue at the Circuit Gilles Villeneuve until 2024, “barring a catastrophe”.

“An announcement should be made [Friday] at noon at the scene of the race,” said correspondent Sebastian Templar, “ending negotiations that started almost two and half years ago.”

Templar quoted a spokesperson for Quebec’s tourism minister as hinting that there “could be good news soon” regarding the Canadian Grand Prix.

Radio Canada is also expecting the announcement to be made during a press conference on Friday. (GMM)