September, Sepang – Announcement
of Malaysia’s plans to start up and run Team
1Malaysia Lotus F1 team receives a boost for
future motor sports in Malaysia and around the
region. It is the spirit of 1Malaysia and
'Malaysia Boleh' that takes 1Malaysia Lotus F1
team embarks another level of global motor
Apart from creating a commercial and industrial
complex, SIC is taking this opportunity to make
Sepang Circuit a real motor sports hub and
commercialize motor sports. Datuk Mokhzani,
chairman of Sepang International Circuit is
encouraging everyone to exploit the facilities
and events in motor sports and the automotive
Mokhzani explained that running a 1Malaysia
Lotus F1 would not cost RM1billion as speculate
in media. However the cost include start-up,
equip a suitable site, buy engines, get drivers
and manufacture the cars. There would also be a
yearly operating budget.
Sepang International Circuit which host
1Malaysia Lotus F1 team would see new proposed
facility which includes garages, a R&D center,
car and bike showrooms, tuning companies, parts
warehouses, a hotel and many more. Success
making SIC into an entertainment venue, bringing
the F1 race to Malaysia since 1996 is serious
and big business in other parts of the world.
Sepang International Circuit is brainchild of
infrastructure investment in F1 and it
contribute major development for motor sports in
Malaysia and the region.
Datuk Mokhzani also explained that reports of
requiring land to house the R&D, manufacturing
of some parts and formula 1 testing would take
less than 20 acres, widely off the mark of
8000ha to 12000ha as speculated by media.
Datuk Mokhzani compare recent speculate with the
fact that Putrajaya is about 5500 ha.
Building F1 facility in SIC would see technology
transfer from Lotus, create opportunity for
Malaysians to involves in engineering,
manufacturing and testing facilities. Many
companies and educational institutions are
taking parts in this initiative. F1 program will
entice some of our best talents to excel at
home, now that the opportunity has been created.
This will have positive spin-offs for automotive
industry as we will be working on the cutting
edge of technology.
For latest news on Formula1, log on to
www.sepangcircuit.com for more info.