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Rio de Janeiro gives up on plans to build F1 track
Rio de Janeiro authorities say they have shelved plans to build a dedicated F1 track in the city's vicinity, in the Camboata forest area. Rio had initiated a project to compete with Sao Paulo's Interlagos venue and bring Formula 1 back to the Brazilian metropolis. Former F1 chief executive Chase Carey had agreed back in October to a conditional deal for Rio to stage a round of the F21 world championship while the plans also enjoyed the full support of Brazilian president Jair Bolosnaro. Rio Motorpark, the company heading the project had earmarked $170 million for the track's construction, an amount that did not include any public investment. However, the construction of the circuit in the...
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