The Formula 1 Australian Grand Prix will be hosted in Melbourne for an additional two years, with the global racing event to be held in the nation’s sporting capital until at least 2037.
The extension comes on top of the 10-year deal already secured by the state government earlier this year, delivering a further boost to local businesses and jobs, bringing tens of thousands more to visitors Victoria.
“We’re backing a summer like no other with a spectacular offering of major events and activities that encourage Victorians to revel in the best the state has to offer, while delivering more visitors to businesses across Victoria,” Tourism, Sport and Major Events minister Steve Dimopoulos said.
“Securing the Formula 1 Australian Grand Prix event in Melbourne for the next 12 years is an incredible result that will boost businesses and local jobs, while showcasing the state to millions of spectators right across the globe.”
One of the highlights of the Grand Prix will be the inclusion of Formula 2 and 3 racing from 2023, enhancing international appeal.
Victoria’s calendar of major events gives locals, including those in Brimbank, the chance to enjoy world-class action, while providing a massive boost to our economy of around $2.5 billion a year.
