Canada GP contract delay over refurbishment costs

Sebastian Vettel (GER) Red Bull Racing RB8. Formula One World Championship, Rd7, Canadian Grand Prix, Qualifying Day, Montreal, Canada, Saturday 9 June 2012.

Circuit Gilles Villeneuve

A new contract for the Canadian Grand Prix could be delayed, as organisers discover the renovation and refurbishment of the ageing Circuit Gilles Villeneuve on the Ile de Notre Damewill cost more than expected.

Bernie Ecclestone has said he is happy to ink a new long-term deal for the Montreal race, so long as the track is brought up to standard with some renovations.

La Presse newspaper reports that the original estimate of the renovation was $25 million, but a source ‘very close’ to the discussions now reveals that the actual quote commissioned by the government has come back at $40 million.

The quote has reportedly forced a “reassessment”, and the delay of a definitive deal with F1’s chief executive for now. (GMM)