SINGAPORE (Bloomberg): Singapore’s preparations for this year’s Formula One Grand Prix are at an advanced stage and the race will continue as planned, Minister for Trade and Industry Gan Kim Yong said in a written response to the media.
Gan was responding to a parliamentary question on whether the arrest of Hotel Properties Ltd.’s Managing Director Ong Beng Seng will have any material impact on the race.
The businessman’s Singapore GP Pte owns the rights to the race.
Officials have yet to spell out the scope of the ongoing investigation by the country’s anti-graft agency, in which Transport Minister S. Iswaran was also arrested.
Since its inception, Marina Bay has been known for featuring at least one safety car in every race edition, with a total of 23 safety car deployments as of 2022.
The Singapore F1 was the inaugural night race and first street circuit in Asia designed for Formula One races.
The race has been considered to be one of the most challenging and unique tracks on the Formula One calendar.
In 2022, a contract extension was announced which will put the race on the Formula One calendar until at least 2028. - Bloomberg
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