Mallya: India ready for GP in 2010
India will be ready to host a Formula One grand prix in 2010, with construction of the new circuit set to begin later this year, Force India owner Vijay Mallya said on Friday
Indian Olympic Association (IOA) president Suresh Kalmadi said last year that Formula One Management had signed a 10-year deal with them and had approved two sites on the outskirts of New Delhi to build a circuit.
Mallya told a news conference in Germany on Friday that the land to build the track had already been bought and that construction would begin in October.
"The news is quite positive. I happened to be having lunch with the CEO of one of India's biggest banks and he confirmed that they had sanctioned a facility to the developer of the Indian track," Mallya said.
"He has actually bought the land and on October 1 construction of a brand new track will begin.
"So for the first time now I think I feel very confident to be able to say to you that there will be a brand new track and that we will have our first grand prix in 2010," added the Force India owner, who is also the chairman of the Motorsports Association of India.
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