A “strategic development program” will be implemented at the racetrack to update its old infrastructure.
Major improvements are being made to the Hungaroring so it can compete with other Formula 1 tracks.
The racetrack, whose contract is valid through the 2027 campaign, launched a “strategic development program” that involves upgrading the circuit’s old infrastructure.
It happens after the racetrack reported that all 100,000 tickets for the 2023 Hungarian Grand Prix had been sold, leaving only tickets for the remaining Saturday and Friday for sale.
This underlines the considerable attention in F1 races, as demonstrated by the British Grand Prix, which sold out for Sunday just weeks after being on sale over a year in advance.
Still important in conventional venues
F1 will compete in 24 Grands Prix in the upcoming season, the most in a single season, with seven of them taking place on non-purpose built street tracks.
According to Zsolt Gyulay, CEO of Hungaroring Sport Zrt, conventional venues are still valuable despite the abundance of “one-size-fits-all” events scheduled for the coming year.
He said: “Our track has undergone a number of renovations, we have worked continuously to meet the new safety requirements, we have built a debris fence, we have maintained the grandstands and in 2016 we resurfaced the entire track line, or more precisely, we replaced the top, so-called wearing course.
“We can see that among the many “one-size-fits-all” tracks there is an increasing value for traditional venues like the Hungarian one, and the proximity of Budapest will always be an incredible attraction for the Hungaroring.
“Yet, we should not overlook that the infrastructure of the new circuits grants a much higher level of service than ours.
“Thanks to the strategic development programme, we will be able to compete with them in reasonable time, which will allow us to keep F1 here and draw attention to our country and our beautiful capital year after year.”
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F1, F1 2022, Formula 1, Grand Prix, FIA, 2023 Hungarian Grand Prix, Hungarian