Hungary's Formula One racetrack, the Hungaroring, which was built in 1985 outside Budapest, needs an "urgent" upgrade to be ready in time for this year's Grand Prix, its managers told AFP Tuesday.
The track managers have indicated that a deal must be reached with the government soon to guarantee the staging of the race, which is scheduled for July 27.
Hungaroring Sports spokesperson Agnes Kovacs responded to questions by AFP by saying that the track surfacing, curbs, drainage technology and electronic circuits are all "outdated".
She added, however, that "funding negotiations with the government are at an advanced stage".
Earlier Zsolt Gyulay, Hungaroring Sport's director said in an interview on state television that the repairs required funding of "around three million euros ($4.1 million)".