The popular motorsport racing organisation, Formula 1 has renewed its agreement with Singapore GP Pte Ltd (SGP) and the Singapore Tourism Board (STB). This multi-year renewal contract would extend the hosting of F1’s iconic racing event, the Singapore Grand Prix in the Marina Bay Street Circuit of Singapore for another seven years from 2022 to 2028.
Through this partnership, both the functional bodies of Singapore will work together with the racing league to decrease the carbon footprint of the tournament held in the city. This work would include the utilization of sustainable materials to cut down carbon emissions and increased recycling attempts to meet the sustainability goals of the F1. In this collaboration, SGP will also conduct an audit that would guide the advancement of green initiatives and encourage and engage the community for the same.
Formula 1’s President and CEO, Mr Stefano Domenicali put forth his comments on the agreement and said, “I am delighted that Formula 1 will continue to race in Singapore for another seven years. The Marina Bay Street Circuit hosted the first night race in F1 history in 2008, and Singapore has continued to thrill fans, teams, and drivers ever since. Singapore holds a special place on the F1 calendar, and this extension is part of our long-term commitment to continue to grow the sport in Asia.”
He further added, “The plans that are in place to reduce the carbon footprint of the event are impressive and align with our plans to be Net Zero Carbon as a sport by 2030 and I look forward to continuing our successful relationship with Singapore GP and the Singapore Tourism Board as Formula 1 returns to this incredible city.”
Singapore GP’s Chairman, Mr Ong Beng Seng also commented on this deal and said, “We are very pleased that the night race will continue for seven more years. After more than a decade of celebrating this spectacular event on the racing calendar, we are looking forward to building on its success and working with Formula 1 as well as its partners to take the night race to greater heights. We are delighted that this marquee event will demonstrate how Singapore is open for business. We look forward to welcoming both local and overseas fans and visitors to the Marina Bay Street Circuit once again.”
The Grand Prix will take place in Singapore after a two-year gap due to the COVID-19 pandemic. It is a 23-race season that would kickstart on October 2, 2022.