Pazova, a small town near Belgrade, Serbia is targeted to be the ground of a new Formula One circuit. There are plans to create a 3550 meter long track that is up to standards for F1 and MotoGP races in the future.
The project is targeted at the end of the road Stara Pazova - Golubinci, an area where hectares of land are available for a new circuit.
"There are various advantages to this location, including the possibility of quickly obtaining all necessary building permits under the jurisdiction of local government" , promises Goran Jovic, president municipalities. He is confident that the works could start soon.
He continued that "such a sports facility would mean a lot for the promotion of Serbian municipalities and Stara Pazova, not only in Europe but also in the world". Although Jovic could not confirm how much the project would cost, rough estimates suggest that the media is a minimum digits of 200-250 million euros.
The track is planned to have incillary facilities and would allow 20,000 spectators during events.
"In addition to the circuit, what is most important for us are the surrounding towns and many other facilities within the Technology Park. Since the investor in Serbia intends to test the products and parts, as well as a complete racing cars, it means the employment that was so necessary " , reveals Jovic.
That investor is said to be Stefan GP, the company that tried to enter F1 in 2010 but failed to make a big impression to the FIA by its dubious financial state. Reportedly, the company is ready to invest 20 million euro into the project, but it remains to be seen how they will get that together.
"I understand that the arrival of Formula 1 in Serbia at the moment seems unrealistic. Nothing can be done quickly and at night. However, when we built the course by the standards of Formula 1, then there will be a chance to win the race. Of course, this does not depend on either the municipality or from Stara Pazova AMCO Corporation, but from the state, which will have to be involved in this project ", concluded Jovic.
More news and an official announcements is expected to be released on Thursday.