Singapore billionaire Peter Lim planning new Malaysian F1 circuit

Singapore billionaire Peter Lim is planning to build a new FIA-compliant circuit in the Iskandar region of south Malaysia

Singapore billionaire Peter Lim planning new Malaysian F1 circuit

Lim said a 4.5 kilometre test track, to be conceived by an as-yet unnamed designer, will be part of a motorsports-themed development known as 'Motorsport City'.

The venture, of which Lim's FASTrack Autosports Pte has a 70 per cent holding, is valued at more than $1.2 billion.

It is planned for the Johor state, which borders Singapore, just five minutes drive from the Tuas Second Link border crossing between the two countries.

Malaysia already has a permanent grand prix track at Sepang, which has hosted 14 Formula 1 grands prix since first being included on the calendar in 1999.

Singapore meanwhile hosts F1's only night race, and agreed to a five-year extension with F1 supremo Bernie Ecclestone in September.

Lim plans for the circuit to achieve FIA Grade 2 certification.

"The region is fast becoming a hub for motorsports," Lim, a shareholder of McLaren Automotive, is quoted as saying by Bloomberg.

Malaysian developer UEM Land Holdings Bhd. will hold the remaining 30 per cent of the venture.

shares
comments
Maria de Villota released from hospital following latest operation

Previous article

Maria de Villota released from hospital following latest operation

Next article

Kimi Raikkonen optimistic he and Lotus can be even stronger in 2013

Kimi Raikkonen optimistic he and Lotus can be even stronger in 2013
Load comments

About this article

Series Formula 1
Author Sam Tremayne
Why Russell was right to be wrong about Bottas after Imola F1 clash Plus

Why Russell was right to be wrong about Bottas after Imola F1 clash

George Russell and Valtteri Bottas' collision at Imola on Sunday prompted fury in the Formula 1 paddock. But Russell's carefully-worded heartfelt statement later, acknowledging that his initial response was wrong, proved the right move

How Verstappen and Hamilton’s Imola clash sets the tone for F1’s 2021 title fight Plus

How Verstappen and Hamilton’s Imola clash sets the tone for F1’s 2021 title fight

In Max Verstappen's Formula 1 career to date, he has been cast as the 'pretender', an acknowledged top-line performer without the car to regularly challenge Lewis Hamilton. But that no longer applies in 2021, and the start to the Emilia Romagna Grand Prix was the most telling signal yet of what we can expect from their duel this year

Formula 1
Apr 21, 2021
How “overwhelming” McLaren move has given Ricciardo a new verve Plus

How “overwhelming” McLaren move has given Ricciardo a new verve

Daniel Ricciardo has found a new lease of life at McLaren – a move that’s been years in the making, as he explains to STUART CODLING…

Formula 1
Apr 20, 2021
The German legend who raced and beat Nuvolari Plus

The German legend who raced and beat Nuvolari

Ninety years ago, Rudolf Caracciola became the first non-Italian to win the epic Mille Miglia. We look at how he stacks up to the most famous pre-war ace Tazio Nuvolari, one of the drivers he beat on that day in 1931

Formula 1
Apr 20, 2021
How 2021's midfielders have taken lessons from F1's top teams Plus

How 2021's midfielders have taken lessons from F1's top teams

Formula 1’s latest Imola adventure turned into an expensive trip for many teams due to several crashes throughout the weekend. While balancing the books is an added factor in 2021 with the cost cap, a few midfield teams have cashed in early on development investments

Formula 1
Apr 19, 2021
Emilia Romagna Grand Prix Driver Ratings Plus

Emilia Romagna Grand Prix Driver Ratings

A frantic wet race at Imola produced plenty of excitement and drama as drivers scrabbled for grip. Amid the hatful of mistakes and incidents that ensued, who kept their noses cleanest?

Formula 1
Apr 19, 2021
How the Emilia Romagna GP result hinged on three crucial saves Plus

How the Emilia Romagna GP result hinged on three crucial saves

Rain before the start of the Emilia Romagna Grand Prix promised to spice up the action, and the race certainly delivered on that. Max Verstappen got the best launch to win from Lewis Hamilton, but both got away with mistakes that could have had serious consequences

Formula 1
Apr 19, 2021
The back-bedroom world-beater that began a new F1 era Plus

The back-bedroom world-beater that began a new F1 era

The first in a line of world beaters was designed in a back bedroom and then constructed in a shed. STUART CODLING recalls the Tyrrell 001

Formula 1
Apr 18, 2021