P1racenews AI automatic summary:
Formula 1 is a step closer to adding a race in Thailand after the country’s government agreed to submit a $1.2billion proposal for a grand prix in Bangkok starting in 2028
The Thai government has agreed to submit a $1.2 billion proposal for a Formula 1 grand prix in Bangkok starting in 2028. Discussions between F1 and Thai officials have been ongoing, with prime minister Paetongtarn Shinawatra and F1 CEO Stefano Domenicali meeting to discuss the plans. Williams driver Alex Albon, Thailand’s first F1 driver since the 1950s, has expressed support for the event and met with the prime minister multiple times. The government has committed to studying the circuit location, investments needed, and overall feasibility of the race. A formal proposal for a five-year contract has been approved, with the race expected to take place at a street track in Chatuchak Park area. The project has a budget of over 40 billion baht and aims to boost tourism, create jobs, and generate significant revenue for Thailand.
