The Hungarian GP that was cancelled in 2009 due to funding problems by track owners (30% controlled by the Hungarian Tourism board, 70 % Worldwide Circuit Management S.
L) to continue construction of the 4.
650 km racing circuit, has received a much needed loan by the Magyar Fejlesztési Bank.
With this cash injection the Sedesa Group will be able to complete the 90 million euro racing venue located near Savoly, 180 kilometres from Budapest near the Lake Balaton holiday area in time for the scheduled September 19th races.
Balatonring has a five year contract to host Gran Prix racing.
In June, the Gran Prix Commission, FIM and IRTA will visit Balatonring to officially homologate circuit and if for some reason or other it has not been completed, the GP will not be cancelled but will be held in Spain’s new Motorland Aragon Circuit.
However if the track should be completed on time, veteran racer Loris Capirossi will loose his bet with Dorna’s CEO Carmelo Ezpeleta and have to buy dinner for all the members of the Safety Commission.
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