Denmark has scrapped plans to host a Formula One race in Copenhagen, the country’s Finance Minister, Kristian Jensen, said on Friday.
According to Jensen, the decision to shelve the plans to host a race around the streets of Copenhagen in 2020 was made due to a lack of support from the city authorities.
The idea of a Copenhagen Gran Prix was first mooted last July, by a consortium led by Danish business magnate Lars Seier Christensen.
According to Pitpass.com, a 2.79-mile track had been proposed, including a corner in front of the Christiansborg parliament, a 300 km/h straight over the Knippelsbro bridge and a fast stretch along the Slotsholmsgade road.
Copenhagen not willing to contribute
"We’re very excited about the opportunity to explore a potential race here in Denmark” – optimismen var stor, da erhvervsminister @BrianMikkelsenC og @F1 chef Chase Carey i dag talte om mulighederne for at få et Formel 1-løb til Danmark. #f1 #formula1 #f1dk pic.twitter.com/qAMwZ36dgC— Erhvervsministeriet (@Erhvervs_min) 10 January 2018
Despite enthusiasm on the part of Formula 1 and the Danish government, the project ran into problems over funding.
“The government is prepared to put some money into the hosting of Formula 1 in Denmark,” Jensen said. “But we don't think it's reasonable that the city where such a large event is to take place does not also contribute economically.”
Formula 1 is expected to introduce races in Argentina, the Netherlands and Vietnam over the next few seasons, as well as a Grand Prix in Miami.