Formula One announced on Tuesday that the new 3.399-mile circuit will be located around the Ifema convention centre in the north-east of the capital and will consist of both street and purpose-built sections with 20 corners. The sport has concluded a long-term deal to hold the race in Madrid until 2035, with the circuit set to open with a capacity of 110,000, with an expectation of potential to expand to host 140,000 fans, which would make it one of the largest venues on the current calendar. F1 said discussions remain open with Barcelona, whose contract ends in 2026, about its future and the potential of Spain hosting two races. The first Spanish GP was held in 1913 and Madrid last hosted the race in 1981 at the Jarama circuit, which is 20 miles north of the city.

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