Canadian Government pledge $98.2 million to keep Grand Prix in Montreal through 2029.
In a good news for all the F1 fans, its been decided that the Canadian Grand Prix will run at Circuit Gilles Villeneuve at least until 2029. The Canadian government will contribute 36.2 million, the province $28 million and the city $34 million. Quebec will also put $18 million toward improvements to the race venue.
Building new paddocks and garages and improving the condition of the 4.361-kilometre track were promised when the current contract was extended but so far, little has been done.
The current contract was to expire in 2024.
Coderre, federal Transport Minister Marc Garneau, Quebec Tourism Minister Julie Boulet and Martin Coiteux, Quebec’s minister for the Montreal region, called the race the biggest annual sports and tourism event in Canada, with a large percentage of the visitors coming from the United States and other countries.
The Grand Prix, celebrating its 50th anniversary, has been held at the venue since 1978. Its paddocks, garages and control tower are considered antiquated and undersized.