Monday, Oct 20, 2014

Formula-1 delays India date,relief for Jaypee

Written by Maulshree Seth | Lucknow | Posted: June 7, 2011 3:28 am

The Federation Internationale de l’Automobile (FIA) has decided to reschedule 2011 Grand Prix across the world by including Bahrain in the October 30 slot and shifting inaugural Indian Grand Prix from October 30 to December 11 slot. The rescheduling has brought relief to the developer Jaypee group,which has been working against a tight schedule.

Sources in the Jaypee group said while the information about the federation’s decision had reached them,they are yet to receive an official intimation.

According to the revised schedule as uploaded on the FIA’s official website,now the Indian Grand Prix would take place on December 11,subjected to an inspection process called “homologation”.

The rescheduling has been done to accommodate Bahrain. The Grand Prix in Bahrain was originally scheduled for March 2011 but was postponed for security reasons following anti-government protests.

The 5.14-km long F-1 race track in Gautam Budh Nagar district of UP is still under construction. It is being built by Jaypee International Sports Ltd,a subsidiary of Jai Prakash Associates Ltd,the company which is constructing the165km-long Yamuna Expressway. The company has named the race circuit as “Buddh International Circuit” and recently released its logo.

Earlier,the first Indian Grand Prix was to be held in India on October 30,subject to a final inspection of the circuit by FIA experts. The race will take place in India,only after the track is cleared in the final inspection process.

The developer claims the construction work is on schedule,but the shifting of the race has brought them relief. Meanwhile,the reschedule has caused a concern in the government about its probable effect on the completion of the Yamuna Expressway,the target date for which is also October 2011.

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