PETALING JAYA: Malaysia’s contract to host the prestigious Formula One Grand Prix has been extended to 2015, the Motorsports Commission of Malaysia (MCM) announced pn Friday.
Its chairman Datuk Azman Yahya said MCM, which negotiated the new contract for the Government, was pleased in announcing the extension of the agreement.
The current contract expires in 2010.
Azman said the contract was actually signed in July and that the signatories for the new agreement were between FOM (Formula One Management) and Khazanah Holdings, through its new subsidiary Pantai Morib Ventures Sdn Bhd.
Under the new contract, SIC is committed to hold the race at night ‘at any time upon notification’ of the FOM, which is the worldwide rights holder for the Formula One World Championship series.
Azman made the announcement at a press conference on Friday and Sepang International Circuit (SIC) chairman Datuk Mokhzani Mahathir added SIC has yet to make any decision on installation of the lighting system for organisation of night races.
However, he added that any system would need the approval of the FIA and the Department of Civil Aviation (DCA), which run the Kuala Lumpur International Airport.
“FIA has not told us about the specifications for the night race. They have engaged a company, which would be conducting a test in Paul Ricard Circuit (in France) in September. Whatever system to be installed at Sepang would require the approval of FIA and DCA,” he said.