Hungaroring upgrade to begin after 2018 Grand Prix

©WRI2

The ageing Hungaroring circuit is finally about to get its long-awaited revamp, with work set to start in 12 months time.

The venue has finally secured state approval for the much-needed updating of the circuit. Hungary government ministers have agreed a £103 million package to support the programme.

According to Autosport magazine, the state payments will be made in three phases. Work will commence immediately after next year's Hungarian Grand Prix.

"We have a plan now," said Zsolt Gyulay, president and chief executive officer of the Hungaroring. "The minister has said it's guaranteed

"It's 100 per cent sure. It was delayed, because we wanted to start in January. But this is government!"

The track management will start to review architectural proposals at the end of the month.

Ecclestone confirms new Hungaroring deal through 2026

"The first step is the outside, the stands, and the second one is inside the circuit, the pits, in 2020," Gyulay explained. The latter phase will also include a new race control building.

Some of the facilities haven't had significant upgrades since the original Hungarian Grand Prix in 1986.

As well as rebuilding the main grandstands and public areas, there are plans to create a modern stadium section by reprofiling the final corner and along the pit straight.

"Everything will be new. We will have more seats, like a modern stadium," said Gyulay.

Last year, Hungary agreed to extend its deal to host the Hungarian Grand Prix until at least 2026. The deal was signed with Bernie Ecclestone before the sport's take over by Liberty Media and its new CEO Chase Carey.

"I think Mr Carey is an absolute gentleman," said Gyulay. "We have a long contract, and I feel it's a little bit easier to work with them."

Gallery: The beautiful wives and girlfriends of F1

Keep up to date with all the F1 news via Facebook and Twitter

Andrew Lewin

Andrew first became a fan of Formula 1 during the time when Michael Schumacher and Damon Hill were stepping into the limelight after the era of Alain Prost, Nigel Mansell and Aryton Senna. He's been addicted ever since, and has been writing about the sport now for nearly a quarter of a century for a number of online news sites. He's also written professionally about GP2 (now Formula 2), GP3, IndyCar, World Rally Championship, MotoGP and NASCAR. In his other professional life, Andrew is a freelance writer, social media consultant, web developer/programmer, and digital specialist in the fields of accessibility, usability, IA, online communities and public sector procurement. He worked for many years in magazine production at Bauer Media, and for over a decade he was part of the digital media team at the UK government's communications department. Born and raised in Essex, Andrew currently lives and works in south-west London.