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Christopher Bruce2012-10-02 13:44:12

Greek Government Allows €30 Million to Build F1 Track

Patras is Greece's third largest city

Apparently the Greek government has paid off all of its debt and everyone in the country has a job because it just agreed to contribute €30 million to build a race circuit capable of hosting a Formula 1 race. 

The ministry of development in Greece will build the course near Patras, Greece, which is Greece's third largest urban area with about 214,500 inhabitants. The track will cost €94.6 million total, and the rest of the money will come from private investors. 

This investment comes while Greece is in a deep recession and according to Bloomberg currently has a 24.4% unemployment rate and has been rising. 

Source: Autosport

1 comment

I hope this is a joke, or a news not well interpreted. I believe they have other priorities right now...
03.10.2012 @ 22:42


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