MANAMA: Bahrain's hopes of staging a F1 Grand Prix in 2004 were boosted on Tuesday after members of Parliament approved a funding proposal for a new US$200 million circuit, the Bahrain News Agency reported.
The agency said the project, part of a US$500 million development plan, had been approved after Finance and National Economy Minister Abdullah Said briefed the elected body of Bahrain's borrowing needs for economic development.
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