Hanoi, June 18 -- Thailand's Cabinet has approved 1.2 billion USD bid to host a Fomula 1 street race in Bangkok in 2028, government officials said June 17.
Speaking at a news conference, government spokesperson Jirayu Houngsub said that if successful, the Thai capital would win a contract to host a race each year from 2028 to 2032.
In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
The Thai government welcomed the idea of a sustainable race, saying the Grand Prix could generate 600 million USD for the country.
The layout of the potential circuit has not been revealed but Ji...