Mexico to remain on Formula 1 calendar until at least 2022

Mexico to remain on Formula 1 calendar until at least 2022

Mexico to remain on Formula 1 calendar until at least 2022

The race, scheduled for October 27 this year at the Hermanos Rodriguez circuit and paired with the U.S. Grand Prix in Austin, is organised by CIE and has won the governing FIA's award for best event for the past four seasons.

Mexico will remain on the Formula 1 calendar for three more years after a deal was agreed to expand the schedule to a record 22 races next season.

F1 CEO Chase Carey added: "We are pleased to have renewed our partnership with Mexico City, which will now host the Formula One Mexican Grand Prix until at least 2022".

The race will change its name to the Mexico City Grand Prix from 2020.

The Mexican Grand Prix will now be called the Mexico City Grand Prix. Silverstone announced a new deal in July, while contract extensions with Spain and Italy are expected to be announced later this year.

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The Mexican Grand Prix is in the final year of its original five-year contract and there were doubts about its future as the federal government wanted to stop its financial aid for the race. She also confirmed that ticket prices will not be affected.

Finally, here is what CIE president and CEO Alejandro Soberon had to say, according to Formula 1. "In addition, I want to thank the Formula 1 fans both in Mexico and overseas - without a doubt, your energy and passion has made our grand prix a very unique and special experience". Through this global platform, we have the opportunity to showcase the diverse cultural wealth of this fantastic city.

"I want to share some good news". "Ever since it returned to the championship calendar in 2015, this event has always proved to be amazingly popular with the public and fans, not just in Mexico, but also around the world".

Earlier this year, it emerged that the $21m (£17.3m/€18.7m) of public money usually reserved for hosting and promoting the race would instead be spent on a new rail project in the south of the country.

Formula 1 will continue to race in Mexico following an announcement that a contract renewal has been secured by the race organizers.

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