Canada sign new race deal with Formula One

Formula One will be coming back to Canada for the next decade following a new deal.

The Canadian Grand Prix in Montreal is one of the favourites on the Formula One calendar and is the oldest non European event in the championship.

But despite holding a contract until 2024, the race had been under threat in part due to upgrade work not being concluded in time for the 2017 season.

But part of the new deal includes the city of Montreal committing to providing the funds to upgrade the garage building, which has been in place since 1978.

Work on that will now begin next year, thanks to the promoters knowing they have the event for the foreseeable future.

‘It’s a long contract and one which gives us time to plan and to work on improving the facilities, With the new garages arriving in 2019, extending the contract was important. We will start work with the city, who own the circuit, to work on the plans and drawings and plan a construction schedule for the new garages.’ Canadian Grand Prix promoter Francois Dumontier told motorsport.com.

‘Then between the 2018 and ’19 races, the construction will take place. It will be a completely new building, with the current one removed. ‘