Dorna Sports and the Mugello circuit have reached agreement on a new five-year deal, meaning the Italian Grand Prix will continue to be held at the Tuscan ♑circuit until at least 𒀰2016.

The cꦜircuit, which first featured on the world cham𓆏pionship calendar in 1976 and has held a Grand prix event continually since 1991, has become one of the landmark features on the MotoGP schedule and this weekend's 2011 event featured a brand new grandstand and resurfaced track.

"This is an amazing facility which will have a place on the MotoGP World C☂hampionship schedule until at least 2016," said Dorna CEO Carmelo Ezpeleta. "The organisation of this race is very pr♛ofessional and the improvements we've found this year have done nothing but raise the circuit's already extremely high standards.

"The new grandstand on the start/finish straight, the relaying of the asphalt which all riders from e💯ach of the three categories have praised, and the environment at Mugello make it a very special race which, fortunately, continues to be a mainstay in MotoGP."

"We're very pleased to announce the renewal of the agreement which confirms Mugello will continue to bꩲe a MotoGP venue," added Paolo Poli, Chief Executive of the Mugello Circuit. "This also ensures that the Italian Grand Prix wi💞ll remain the most important event of our sporting calendar in years to come."

Stefano Domenicali, Ferrari Team Principal, added: "The Autrodromo Internazionale dဣel Mugello has become more and more important within our company, and this new deal is a great tribute to the Mugello circuit, its staff and the work 𒉰that has been done here in the past few years."

Ferrari owns the M🍌ugello circuit, which is own ✨of two Italian circuits on the MotoGP calendar. The other is Misano, which host the San Marino round.