FORMULA Nippon has posted a press release on its site and a map of the proposed site to announce the Perth race in February 2003.
The support of the Formula Nippon promoters will add further weight to Westrend director Ross Robert’s bid to build a formula one race track in Perth.
It is understood Mr Roberts is
in negotiations with two overseas and two Australian investors to get the $27 million circuit on track.
Syme Marmion director Bill Marmion is the project manager for the bid. He claims there is good support for the bid from the state Government in WA.
“If you talk to most of the ministers, they think this is great for WA,” Mr Marmion said.
Ross Robert is still in talks with a number of investors to negotiate a deal. However, it is understood one investor is interested in funding the entire project.
The approvals for the site adjacent to the airport will be the next hurdle for the bid, however the Westralia Airports Corporation has been very supportive.
“There are things we have to do in terms of flora approval and transport approval and, once they’re done, the Federal Minister for Transport has to give approval because it’s commonwealth land,” Mr Marmion said.
The announcement on the Formula Nippon website states the proposed race in Perth is subject to the construction of a new circuit under the International Formula One standard.
Japan Race Promotion, the Formula Nippon promoters, said the race in Perth in 2003 would hopefully establish Formula Nippon as an international series.
