The chairman of the Bulgarian motorcycling federation (BFM) Bogdan Nikolov announced the signing of the preliminary contract for a Bulgarian F1 circuit. The documents arrived last week, but haven’t been signed yet. For now, Bulgaria only has a signed agreement to host Moto GP races from 2012 onward.

BFM are aiming for a price of 100 EUR per ticket, which is the minimum price worldwide.

As far as the government is concerned, they support the initiative and have provided the necessary terrain. 3200 decares near the capital Sofia, currently taken up by the airport Dobroslavtzi, will be used for the circuit.

“The only thing left to do is to create a shareholder union with governmental aid. This is all it takes to make the circuit reality”, stated Nikolov.