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Czech businessman plans building Formula One track in Prague

dpa German Press Agency
Published: Wednesday October 18, 2006

Prague- A Czech businessman intends building a motorracing circuit capable of hosting Formula One races on a brown-field site in Prague, Wednesday's Lidove noviny newspaper reported. The plan involves completing the 750-million euro (940-million dollar) circuit by 2010. German architect Hermann Tilke, who was involved in the conception of the F1 tracks in Shanghai and Bahrain, has put forward the design for the circuit.

The privately-financed project also envisages a hotel with an ice rink.

Prague's mayor Pavel Bem described businessman Antonin Charouz's plan as "relatively realistic".

© 2006 dpa German Press Agency