The possibility that Formula 1 returns to Argentina generates great expectation among motoring fans. This return would imply a series of reforms and adjustments in the Oscar and Juan Gálvez autodrome in Buenos Airesas well as a significant investment to meet international standards.
The arrival of Franco Colapinto, Argentine pilot to the highest category brought with him the project to bring Formula 1 to Argentina back. Local authorities and businessmen work together to specify this objective, which would not only benefit fans, but also boost tourism and local economy.
The City of Buenos Aires to differences from Termas de Río Hondo, in Santiago del Estero, could sustain the flow of people generated by an event of this category, but requires a deepest remodeling of the Gálvez. The City Government obtained the 2025 budget approval in Decemberwhere a money game is included to take it to grade 2.
The last time a Formula 1 Grand Prix was competed in Argentina was on April 12, 1998. That race saw the pilot Michael Schumacher won with his iconic Ferrari. The return of this championship would be 29 years later.
The reforms of the Oscar and Juan Gálvez autodrome
Oscar and Juan Gálvez autodrome in Buenos Aires needs a series of reforms to achieve grade 1 of the FIAindispensable requirement to house a formula career 1. Among the necessary works are the complete resurfacing of the track, the modification of key curves and the expansion of the exhaust areas to guarantee the safety of pilots and spectators.
The idea is that Formula 1 returns to the same circuit, but this requires a strong update of it. The organization asks that the chosen circuit is grade 1, that is, with the largest security measures in the world. The one that is closest in the country to that requirement is The Termas de Río Hondo Autodrome, in Santiago del Estero, which achieved the degree Category 2. While less investment is needed to take it to grade 1, the city does not have the necessary infrastructure to receive pilots, equipment and spectators, so it would be a difficult option.
In addition, improvements in the infrastructure of the boxes must be made, adapting them to the current FIA specifications. This includes the construction of new boxes and the modernization of existing ones to meet space and equipment requirements. It is also planned to change the last curve of the circuit to reduce the speed of entry to the main line, an idea originally proposed by Juan Manuel Fangio in the seventies.
A group of companies joined with the Government of the City of Buenos Aires and began preparing a plan to reform the autodrome. These three companies are: the OSD Group, from Orlando Terranova, Fénix Entertainment Group and Federico Lauria, owner of the Dale Play record label. On Wednesday, March 5, the Autodrome Plan to Liberty Media, a company that governs Formula 1. Now, now we have to wait for the response of the F1 infrastructure area to review it and analyze the proposal.
How much would it cost to bring formula 1 to Argentina and when would it arrive
The estimated cost to bring formula 1 to Argentina is significant. It is calculated that The headquarters of the Grand Prix must pay an annual fee of approximately 40 million dollars to formula 1, in addition to the costs associated with the reconditioning works of the autodrome. This amount includes the annual rate and the operating expenses necessary to organize the event. Renewal spending is estimated at one billion dollars.
How much would be collected by this event in the year, the closest example is today the San Pablo Grand Prix, which according to the city mayor itself, generates around 345 million dollars each time it is done.
Project financing is a crucial issue. Although the government does not plan to allocate public funds, several companies in the technological, oil and mining sector have expressed interest in supporting the initiative. These companies could contribute to the financing necessary to cover the costs of the reforms and the organization of the event.
Regarding the attempt for The return of Formula 1 to Argentina, it is estimated that it could be completed in 2027. This period would allow to complete all the necessary reforms in the autodrome and ensure the financial and logistics agreements for the realization of the Grand Prize.
Source: Ambito
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