Canadian Grand Prix organisers have signed a new deal that will keep the Formula 1 grand prix at Montreal until 2029.
Deal done! Discussions have been ongoing for a while with Bernie Ecclestone about extending the contract, which previously ran to 2024.
Concerns about the circuit being incomplete were holding back the contract extension, however organisers have reached an agreement following the completion of Liberty Media’s takeover of F1. The deal involves the city of Montreal committing to funding upgrades to the garage building which has been standing since 1978.
“It’s a long contract and one which gives us time to plan and to work on improving the facilities,” promoter Francois Dumontier told Motorsport.com.
“With the new garages arriving in 2019, extending the contract was important. We will start work with the city, who own the circuit, to work on the plans and drawings and plan a construction schedule for the new garages.
“Then between the 2018 and ’19 races, the construction will take place. “It will be a completely new building, with the current one removed. ”
Dumontier said he has held discussions with Liberty Media, with F1’s new owner saying “Montreal is important to the championship”.
He added: “There are only two races in North America and we are the oldest race outside of Europe in the championship.”
Canadian Lance Stroll is making his F1 debut this season with Williams and Dumontier says that has had a positive impact on ticket sales.
“They are going pretty he good,” he said. “We can see the Lance Stroll effect so it’s a case of so far, so good.”