22 Sep '12, 11am

Singapore Grand Prix extended until 2017

Singapore Grand Prix extended until 2017

THE Singapore Grand Prix, the only night race on the Formula One calendar, will continue for another five years, until 2017. Second Minister for Trade and Industry S. Iswaran made the announcement at a press conference on Saturday night, adding that talks to negotiate a renewal had concluded on the day itself. He said: "Negotiations have taken some time because all parties had specific objectives and wanted to arrive at mutually beneficial outcomes. The Singapore Government has undertaken a careful and deliberate study over the past 12 months to clearly establish the costs and benefits from a national perspective." The original five-year deal had been set to end after this year's race.

Full article: http://www.straitstimes.com/breaking-news/singapore/story...

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