The Autodromo Nazionale Monza could be set to make changes in the near future as it approaches its 100th anniversary in 2022, estimating at a cost of around €100 million.
The legendary Italian circuit, nicknamed the ‘Temple of Speed’ has been home to the Italian Grand Prix in Formula 1 throughout its history from the original banking layout to the high speed circuit that is used today.
According to a report from Italian newspaper La Gazzetta dello Sport, changes are set to be made surrounding the layout of the circuit, removing one of the two chicanes. Plans also indicated that they’ll re-introduce the second corner of the Lesmos to reinforce its nickname as one of the fastest tracks in the world.
Additional grandstands have been planned as well to mark the 100th anniversary as they hope to seek a new deal with F1’s owners Liberty Media to keep the Italian Grand Prix at Monza for the foreseeable future as their contract is set to expire before the turn of the decade.
Angelo Sticchi Damiani, The president of ACI says the circuit is hoping to find funding in which they can improve the track facilities as well as adding ring roads outside of the circuit.
“The money will be found in some way”, said Sticchi Damiani.
“This is a work that we can already do in 2019. We want to recover the ring in order to expand our offer. The road and the high-speed ring are a 10 km track, how many others can boast something similar? We can also think of a temporary structure that can be installed before the GP.”
Most Grands Prix venues are operated by government funding, which can often help a circuit improve their facilities and host multiple disciplines of Motorsport. Sticchi Damiani admits that seeking government funding could be a roadblock to his scheme with Monza.
“The positions are still very far away from the areas we would like to manage and we have not yet talked about figures.”
Monza is under contract to host the Italian Grand Prix for the 2019 Formula 1 Season. Lewis Hamilton clinched victory ahead of Scuderia Ferrari‘s Kimi Räikkönen in the 2018 edition of the Grand Prix.