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3d ago

Madrid Breaks Ground on New Formula 1 Circuit at IFEMA

Mayor Martínez-Almeida leads first-stone ceremony as construction begins on the €83.2 million 'Madring' circuit, set to host the Spanish Grand Prix from 2026 to 2035.

Autoridades y responsables del proyecto, junto a las dos excavadoras que hicieron la 'carrera' inicial del circuito de Fórmula 1
Gran Premio de Fórmula 1

Overview

  • Construction has officially started on Madrid's 5.4-kilometer 'Madring' Formula 1 circuit, featuring 22 curves, including the standout 'La Monumental' turn with a 24% banking.
  • The project, awarded to a consortium of Acciona and Eiffage for €83.2 million, aims for completion by 2026 to host the Spanish Grand Prix for a decade.
  • Mayor José Luis Martínez-Almeida and regional president Isabel Díaz Ayuso highlighted the event's projected €450 million economic impact and creation of over 8,200 jobs.
  • Environmental and legal challenges persist as Más Madrid has filed an appeal citing insufficient environmental considerations, though construction proceeds as planned.
  • The circuit's design integrates urban and cultural elements, with plans for concerts, exhibitions, and other events in IFEMA's 200,000-square-meter facilities.