Mexico's preparations to host a Grand Prix again are gathering pace, with extensive renovation work expected to begin at the Autódromo Hermanos Rodríguez circuit in the near future. According to José Abed, a Vice President of governing body the FIA, the changes will be completed in time for a return to the Formula 1 calendar in 2014.
"We have plans ready to improve the Autódromo Hermanos Rodríguez circuit and, after these changes are finished, Formula 1 can return in 2014," Abed, who was the self-promoter of the former race from 1986 to 1992, explained to Mexican media.
Abed went on to outline the costs involved in the country’s bid for a Formula 1 race, with a total of 50 million dollars expected for circuit tweaks and initial hosting fees.
"The investment required at the track is around 20 million dollars and the financial settlement, which goes to Bernie Eccclestone, is about 30 million dollars," he added.
Mexico will be represented by newly-signed McLaren driver Sergio Pérez and Sauber’s Esteban Gutiérrez this season. The country, which has created one Grand Prix winner in Pedro Rodríguez, hosted a race between 1963-1970 and 1986-1992.
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