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Hanoi Grand Prix to begin in 2020: F1 boss

AFP  |  Hanoi 

Grand Prix will be staged in 2020, boss confirmed Wednesday as he laid out plans to expand motorsport's championship in

announced last week it will host the race in its communist capital from April 2020, becoming only the third Southeast Asian nation to host the after and

"We're very proud to be announcing this race in 2020," Carey told reporters in as details of the event were unveiled.

Carey said the decision to hold the race in was part of Formula One's strategy to move into markets where it hopes to groom a new generation of fans -- and boost revenues.

"We plan for this to be a long-term agreement, and we intend for this to be a long-term partnership," he added.

"The race is also an important part of our broader strategy to grow our sport in Asia, and clearly is a driving force for the growth in "

Hanoi said the contract signed was for 10 years, with an opportunity to start discussing extensions in year eight.

The 5.6 kilometre (3.5 mile) track will include existing roads and portions that have yet to be built, according to a press release from the

The day race will be held near the national stadium, after initially considering hosting it near near Hanoi's chaotic Old Quarter.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 07 2018. 17:35 IST