Motorsport’s governing body, the FIA, recently announced that Cape Town is one of the host cities for its provisional Formula E racing calendars for the 2021-2022 season. The electric vehicle race is expected to take place in the vicinity of the Cape Town stadium. Cape Town’s executive mayor Dan Plato recommended that city council back the company in a statement on Wednesday, August 4.
PLATO WANTS THE BOARD TO SUPPORT FORMULA E RACE
Plato said the Cape Town City Committee (MayCo) had worked hard over the past two years – working with event planners and other interested parties – to put together the necessary requirements for “an event of this magnitude” .
“The board’s approval will allow us to start the civil works on the circuit and ensure that we can finalize all the logistics ahead of the very first Formula E race on the African continent,” Plato said.
MayCo Says Local Residents and Taxpayer Associations Support Race in Cape Town; the proposed track will be around Green Point Park and Cape Town Stadium. The committee said the event will create employment opportunities for several sectors of society such as residents, local entrepreneurs and the hospitality industry.
JP Smith, MayCo member for safety and security, added that concerns raised by local civic associations regarding the impact that such a major event will have on residents have been noted and will be taken into account in the approval. of the event.
RETURN ON INVESTMENT
MayCo is seeking approval for road improvements in Greenpoint constituency during the 2022-2023 financial period, which is expected to cost around R44 million. The City said the improvements will bring long-term benefits to residents and reduce the need for future spending on routine maintenance and improvements.
Plato pledged to support the Formula E race with 4 million rand. Half of this allowance will be in cash and is subject to return from the event to Cape Town for future tournaments. The other half will be provided in the form of services in the same room. “The council is urged to approve support for the road infrastructure improvements needed to host the Formula E event,” the city said.
“The city’s contribution to this racing event is eclipsed when compared to the return on investment of hosting such an established international sporting event,” said Plato. The inaugural season of the electric car racing championship was held in 2014-2015, and Beijing hosted the first race
“In the three years that Formula E has been hosted in Hong Kong, it has contributed approximately R 1.5 billion to this economy. This benefits a wide range of businesses in the event chain, including the manufacturing and service industries, ”added Plato.
Cape Town has previously hosted international motorsport events including the FIA Rallycross Championship, Drift City (at the Grand Parade) and the Extreme Festival National Championship in Killarney.
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