Brazilian President says Grand Prix moves to Rio in 2020



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Uncertainty about the long-term future of the ongoing demonstration at Interlagos in Sao Paulo, Brazilian President Jair Bolsonaro said a site change would occur in 2020 when the event will be held in Rio. During a press conference, he announced that an agreement had been signed with the governor of Rio, Wilson Witzel, and the mayor, Marcelo Crivella, for the construction of a new track in the district of Deodoro (west) .

It is planned to complete the construction of the circuit by the end of the year and to finance it entirely with private funds.

S addressing reporters, the president said: "The direction of F1 has decided to maintain a grand prize in Brazil, but Sao Paulo has become impractical because of the financial support of the event and the debt that reigns there.

"The new race track will be built in six or seven months. The hotel sector will be happy as well as the state economy since it will generate six jobs out of seven thousand. It's good for Rio de Janeiro and Brazil. "

In a tweet, the president said: "After our election victory, Formula 1, which would leave Brazil, decided not only to stay, but also to build a new racetrack in RJ. [City of Rio de Janeiro]who will bear the name of the idol Ayrton Senna. With this, thousands of jobs will be created, benefiting both the economy and the state's population. "

The former home of the Brazilian Grand Prix in Rio, the circuit of Jacarepagua, was demolished in favor of the Olympic Park in 2016.

The new Deodoro circuit will be built on land that has been abandoned by the army and which should be designed by Hermann Tilke. It is also aimed at a MotoGP event.

Liberty has a tense relationship with the city of Sao Paulo and the promoters of the race. The event is the least lucrative flyaway race in terms of compensation paid to the F1 organization, but Sao Paulo insists it has signed a contract with F1 until 2020 to keep the race at Interlagos.

Additional report by Gustavo Faldon

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