Grapevine: Singapore considering F1 GP bid

Singapore has become the latest country to join a queue of nations aiming to host a Formula One Grand Prix in the near future

Grapevine: Singapore considering F1 GP bid

The Singapore government has admitted they are considering the idea, with Minister for Trade and Industry Lim Hng Kiang telling Singaporean media that they are "actively looking at this proposal".

"This is a very important proposition and we have to study the full impact and make a proper evaluation," Lim told Today newspaper.

Formula One supremo Bernie Ecclestone has already received expressions of interest from Mexico, Russia, India and South Africa among other countries who are aiming to join the calendar.

"My advice now is that if somebody in Singapore is interested and wants to be the promoter to do this, they should contact me and we can start talking about this and see what we can do," Ecclestone said.

The Singapore government is still to give the green light to the project, which would include the construction of a Formula One circuit. There are already four bidders interested in the project.

"In all likelihood we may not need to call them up because we've gone through the process of meeting them. Our officials are meeting them now. We're going through the internal evaluation, then we make a decision," added Lim.

"All I can say is that the four bids are very, very good bids, and it shows that they take us seriously and that they want to develop a very good product in Singapore."

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