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Thailand approves 1.2 billion USD bid to host Formula 1 race in 2028

In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.

Hanoi (VNA) – Thailand's Cabinet has approved 1.2 billion USD bid to host a Fomula 1 street race in Bangkok in 2028, government officials said June 17.

Speaking at a news conference, government spokesperson Jirayu Houngsub said that if successful, the Thai capital would win a contract to host a race each year from 2028 to 2032.

In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.

The Thai government welcomed the idea of a sustainable race, saying the Grand Prix could generate 600 million USD for the country.

The layout of the potential circuit has not been revealed but Jirayu said it could include an area near Chatuchak market in the north of the city, which is a magnet for tourists every weekend./.

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