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Thailand is actively bidding to host its first Formula 1 Grand Prix as a Bangkok street circuit, with the government approving a significant $1.2 billion, five-year deal for 2028-2032 to boost tourism and investment, targeting the Chatuchak area for a temporary track featuring landmarks like Krung Thep Aphiwat Central Terminal, pending final F1 approval.
Key Details:
- Goal: Bring F1 to Bangkok starting in 2028.
- Bid: A cabinet-approved $1.2 billion proposal for a 2028-2032 contract.
- Location: A proposed street circuit in Bangkok's Chatuchak district, utilizing existing roads and landmarks.
- Features: The proposed 5.7 km track includes an 800-meter straight near the central terminal and parks, aiming for a modern city-center race feel.
- Motivation: To attract global tourism, investment, and establish Thailand as a major event hub, building on its MotoGP success.
- Status: The bid is strong, with F1 CEO Stefano Domenicali impressed by the Thai government's plans, though final confirmation from F1 is awaited.
- Economic Boost: The event is seen as a catalyst for tourism, bringing international visitors and spending.
- National Prestige: Hosting F1 would position Thailand alongside Singapore as a key Southeast Asian F1 host.
- Urban Racing Trend: A Bangkok street circuit aligns with F1's shift towards city-based races.