If successful, the capital will host a race from 2028 and joins four other Asia-Pacific venues in a crowded 24-race schedule

Thailand’s cabinet has approved a US$1.2 billion bid to host a Formula One street race in the country’s capital, Bangkok, in 2028, government officials said on Tuesday.

If successful, the Thai capital would win a contract to host a race each year from 2028 to 2032, government spokesperson Jirayu Houngsub told a news conference.

“In the next two to three years, Thailand will have a world-class competition, which we never thought would actually happen in Thailand,” Jirayu said.

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