The Hungarian government will support developments at the Hungaroring race track in Mogyoród, on the outskirts of Budapest.
Ádám Schmidt, the state secretary for sport, said on Tuesday that the upgrade is scheduled to be ready by the time Hungaroring hosts the 2026 Formula 1 Hungarian Grand Prix. The public procurement procedure for the project is planned to be called in the next 40-45 days, allowing construction to start in the autumn of 2024 and to be completed by the time the 2026 event gets underway, he added. The upgrades are a condition for extending Hungary’s contract to host the F1 races from 2027 to 2032.