Brits to Build Formula 1 Track at Bulgaria's Seaside

Business | September 17, 2006, Sunday // 00:00

British investors are planning to build a Formula 1 racing track near Kavarna at the seaside, Darik News reported.

The company is planning to invest over EUR 15 M in the race-track that would answer to all Formula 1 requirements, the mayor's office has announced.

Mayor Tsonko Tsonev has already talked to the investors and is planning to present their proposal to the Municipal Council on September 26.

The track will spread over more than 1,000 decares of land between Kavarna and nearby village Bulgarevo. It will be serviced by locals and the investors are ready to cover some of the expenses for the training of young workers.

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