Track News: F1 upgrade works at Hungaroring ‘in full swing’ (2nd Update)

The Hungaroring racetrack in Mogyoród (near Budapest) is undergoing a major renovation, with significant progress already made, reports Világgazdaság.

The main building and grandstands at the finish line have been dismantled, including the Super Gold grandstand, which was used by VIP guests. A new luxury lodge will replace it for the 2025 race, with tickets for the Super Gold stand set to cost $750.

This development, began immediately after the 2024 Hungarian Grand Prix, is part of a larger renovation project costing $2.8 billion.

The first phase was completed before this year’s Grand Prix, focusing on the main entrance and adjacent buildings. The project is expected to be completed by 2026, when the fully renovated Hungaroring will continue to host the Hungarian Grand Prix, maintaining its status as one of the few circuits, alongside Monza, to host a Formula 1 Grand Prix uninterrupted since 1986.

The government has provided guarantees to cover the renovation costs, ensuring the project proceeds as planned.

(GMM) The Hungaroring is making good on its promise to upgrade the almost 40-year-old Formula 1 circuit in order to secure Hungary’s place on the calendar.

Early last year, with the existing contract set to run out in 2027, track boss Zsolt Gyulay admitted that the circuit facilities “no longer meet the requirements of Formula 1”.

He vowed to upgrade the garages, make the paddock wider, renovate the pit building, build a new main grandstand and HQ building and more – leading to successful renewal talks with F1 CEO Stefano Domenicali.

The new contract now runs to 2032, with Hungarian media reports even suggesting the deal includes options to stay behind the former iron curtain even beyond that.

“To see the commitment from the promoter to develop the facilities and further enhance the experience for fans is another important step and something we want to see all our events doing,” Domenicali said.

Gyulay added: “Given the astonishing rise in F1’s global popularity, which now sees more venues than ever before competing to join the calendar, today’s signing marks a hugely significant achievement for us.”

And as per the new deal, the first part of the Hungaroring renovations have been taking place over the off-season – involving demolition, excavation, and the addition of a crane tower as the pit building and paddock works begin.

“The redevelopment of the circuit is in full swing,” the Hungaroring confirmed.

The entire project is scheduled for completion in 2026.

The government has approved funding for the 2nd phase of improvements for the Hungaroring and the construction contracts have been awarded.

Market Építő Zrt and Bayer Construct Zrt were the winning bidders, announced Zsolt Gyulay, President and CEO of Hungaroring Sport Zrt.

“The Hungaroring will soon welcome fans with a renewed look,” said Minister of Defense Kristóf Szalay-Bobrovniczky in his message.

In the years since the first race, it has become not only a fan favorite, but also one of the world’s top racing events.

The Minister stressed that the Formula 1 races will definitely come to Hungary until 2032 thanks to the contract signed in the summer.

“The first phase of the track renovation is already underway.  Now I am pleased to announce that the government has also decided to proceed with the second phase of the long-delayed development, that will include the renewal of the main building, the paddock and the 10,000-seat main grandstand,” he noted.

Zsolt Gyulay underlined that the original 1985 utilities are currently being replaced, as there were many problems with burst pipes and the capacity of the medium-voltage network. He emphasized that

the renovation of the entire length of the track and the rebuilding of the entrance building will be completed this year, with the latter also housing a visitor center and a café.

“The long-delayed widening of the paddock will be completed next year and, if all goes to plan, the main grandstand will be demolished and replaced by a temporary one for next year’s race. Based on the agreement with the Formula 1 management, there will be no unfinished buildings or construction activities during the races,” added Zsolt Gyulay, explaining the scheduling difficulties.

The CEO recalled that

the situation is made pleasantly difficult by the fact that virtually all tickets for next year’s race have been sold.

“There will be four technical boxes and 36 competition boxes, with a race control center, hospitality and VIP areas attached to the main building, and an extension to the paddock area. The bid of the public tender, excluding the reserve, was almost HUF 79 billion (EUR 205 million). Approximately 57,000 square meters of buildings will be demolished, 125,000 cubic meters of earth will be moved and 34,300 meters of reinforced concrete structures will be installed,” said Zsolt Gyulay.

“It will be a self-sustaining, multifunctional event center, available 365 days a year, helping to ensure a return on investment,” highlighted the CEO.