PETALING JAYA: Malaysias contract to host the prestigious Formula One Grand Prix has been extended to 2015, the Motorsports Commission of Malaysia (MCM) announced yesterday.
MCM chairman Datuk Azman Yahya said MCM, who negotiated the new contract on behalf of the Government, were pleased to announce 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 their new subsidiary Pantai Morib Ventures Sdn Bhd.
Under the new contract, SIC are committed to hold the race at night at any time upon notification of the FOM, who are the worldwide rights holder for the Formula One World Championship series.
Sepang International Circuit (SIC) chairman Datuk Mokhzani Mahathir added that SIC have yet to make any decision on the installation of the lighting system for night races.
FIA have not told us about the specifications for the night race. They have engaged a company, which would be conducting a test in the Paul Ricard Circuit (in France) in September. Whatever system to be installed at Sepang would require the approval of FIA (F1 governing body) and DCA (Department of Civil Aviation), he said.