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Budapest, july 22 (reuters) - the hungarian grand prix will remain on the formula one calendar till as a minimum 2032 after a 5-yr extension was announced on saturday.
Formula one stated in a announcement the agreement extension from 2027 got here after the declaration of vast refurbishment of the hungaroring, including a new pit constructing and fundamental grandstand.
Hungary has been a part of the world championship seeing that 1986 with its circuit some 20km out of doors budapest.
Seven-instances global champion lewis hamilton has gained there a record eight instances.
Greater than 300,000 fanatics are expected to wait this weekend's race, up from 290,000 remaining yr.
"to peer the commitment from the promoter in hungary to develop the facilities and further enhance the experience for lovers is any other crucial step and some thing we want to peer all our occasions doing," said f1 leader govt stefano domenicali.
Hungaroring president zsolt gyulay said the circuit renovations were predicted to be finished through 2026.
"given the spectacular upward thrust in f1's international reputation, which now sees greater venues than ever earlier than competing to enroll in the calendar, present day signing marks a extremely substantial achievement for us," he stated.
Reporting by using alan Stanley Baldwin in london, editing via christian radnedge
