Described: 20 May 2024 at 14: 11
Srettha Thavisin, the prime minister, met with Formula One organizers in Italy and expressed his hope that construction of a racing track for the sport may begin in Rayong province’s U-Tao aircraft in three or four years.
The primary minister met Formula One Group managers in Milan on Sunday evening, local time.
Thailand needed international sporting events, according to Mr. Srettha, and the government desired that the land host the Formula One World Championship.
Also provide in the conference were Chatchai Phromlert, president of PTT Plc, and Kavin Kanjanapas, chairman of BTS Group Holdings Plc.
The prime minister claimed he had invited both guys because he anticipated that PTT would fund the construction of the new loop and that BTS Group Holdings would be the concessionaire for the enormous U-Tapao aircraft concession. The Formula One Group reportedly gave a good response to the prime minister’s group.
” I believe that the we and the organisers both want ( this ) to happen. In a few months, I’m convinced that there will be good news,” said Mr. Srettha.
There could be F1 and F2 activities at the monitor, and even activities for young cyclists, he said. In- level facts had yet to be discussed, but the government may be ready to start building of the loop in 2027 or 2028 at the latest, the excellent secretary said.
Mr. Srettha visited the Imola, west of Bologna, Autodromo Enzo electronic Dino Ferrari Formula One circuit on Sunday during his trip to Italy.
According to Mr. Srettha, an assessment of the amount of income Formula One will make for Thailand has not been done.  ,
He said VIP tickets to the event will cost between 5, 000 and 8, 000 US dollars per person, while other income sources will be generated by sponsors, food profits at the event, and hospitality, to give an idea of how much it might charge.
Mr. Srettha and Stefano Domenicali, the CEO of the Formula One Group, discussed the possibility of holding a Formula One race there next month while the agency’s CEO Stefano Domenicali stated that he wanted to work with the Thai state.