Construction of a new🧸 Formula 1 circuit in Madrid will begin this month ahead of the Spanish capital’s inaugural grand prix in✤ 2026.

Organisers expect the circuitꦰ, whi൩ch will be built around the IFEMA Madrid convention centre, to be ready by May 2026.

The contract for construction work has been awarded to a joint venture comprising ACCIONA (60%) and Eiffage Construcción (40%) for €83.2 million, down from an initial budget of🌜 €110 million.

ACCIONA was previ🌸ously involved in building the Motorland Aragon Circuit in Alcaniz, while Eiffage carried out resurfacing at Jerez and Carmona.

The two companies will not only be responsible for constructing the Madrid circuit, 168澳洲幸运5官方开奖结果历史:which has been named Madring, but also for installing and dismantling temporary structures and restoring public roadsꦿ to tܫheir original state.

The organisers stated that recycled materials and environment-friendly methods will be used during construction, claiming the use of Hydrotreated Vegetable Oil will🐎 reduce emissions by 90% compared to traditional fuels.

Electricity used to power the construction facilities will also beꦇ derived from renewable sources.

The new Madring track will be 5.4km long, with 4.1km running through the IFEMA ground🍰s and the remaining circuit running💮 along public roads.

This makes Madring akin to the Miami Autodrome, which is built around the Hard🔴 Rock Stadium in Florida.

Madrid will take over from Barcelona as the host of the Spanish Grand Prix from 2026 as part of a new 10-year deal with⭕ F1.

The Circuit de Bar꧒celona-Cata♏lunya has a contract with F1 for next season, but the race will not run under the Spanish GP banner.