- Circuit looking to extend until at least 2032
- New paddock complex, race control tower and grandstand to be constructed
The Hungaroring race track has outlined plans to renovate its facilities ahead of the 2026 Formula One season.
The Budapest circuit currently has a contract to host Formula One until 2027, but it is hoped that these updated facilities can form part of a pitch to extend until at least 2032.
“The infrastructure no longer meets the requirements of Formula One,” Zsolt Gyulay, chief executive of the Hungaroring, told Motorsport Week.
“Everything from the size of the garages to the width of the paddock and the main building must be renewed.”
A new main entrance and race control tower, as well as a 10,000-seater grandstand, will also be constructed.
“We started negotiating the contract extension a year ago,” continued Gyulay.
“With the arrival of the American races, the interest [in Formula One] is even greater, if it can be increased at all.
“We are negotiating a contract until 2032 and an additional five-year option, with which we will have the longest contract in Europe.”
Securing a contract extension to 2032 would grant the Hungaroring the third-longest contract in Formula One, just behind Bahrain (2036) and Australia (2035).
Motorsport Week also revealed that the circuit is assessing the feasibility of hosting motorcycle races in the future. The renovations are expected to be completed by 2026.