Monday, December 10, 2012
Billionaire plans new Malaysian circuit
Singapore billionaire Peter Lim is planning to build a new Formula 1-compliant circuit in the Iskandar region of south Malaysia. Lim said a 4.5 kilometre test track, to be conceived by an as-yet unnamed F1 track designer, will be part of a motorsports-themed development known as 'Motorsport City'. The venture, of which Lim's FASTrack Autosports Pte has a 70 per cent holding, is valued at more than $1.2 billion
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