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Silverstone gets the thumbs up from the FIA

Threats to exclude the British Grand Prix from Formula 1 were put to rest yesterday (Monday) by the FIA. The world motor sport's governing body has returned a $5m performance bond to the MSA (the British national authority) and Octagon Motorsports, the race promoter. The lump sum would have been lost had the completion of a new access road to Silverstone circuit not been completed in time for next month's race

FIA president Max Mosley said: "After the personal intervention of British Prime Minister Tony Blair and thanks to the efforts of Sports Minister Richard Caborn and Transport Minister John Spellar, I am delighted to confirm the new access road to Silverstone has been completed."

Octagon's Rob Bain commented: "We are delighted to have been given back the bond. We had every faith and worked closely with our contractors to ensure the work gathered pace ahead of the British Grand Prix. We are confident that the £10.6million investment programme on the Dadford Road and to the main entrances to the circuit will result in a significantly improved road access at this year's event."

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