The Russian Grand Prix circuit in Sochi is on target to make its 2014 debut, according to Dmitry Chernyshenko, president of the Sochi organising committee.
“It’s well on track,” he told the Reuters news agency.
The event could be put on hold though if the International Olympic Committee (IOC) decide that the event will conflict with the cities 2014 Winter Olympics.
Chernyshenko is confident that the two events will however complement one another.
“It was decided that the IOC will review the final feasibility study at the forthcoming executive project review in May and they will see the real construction design document to realise the overlapping with the Olympic infrastructure.
“It’s a great project in terms of creating the additional legacy and to fulfil the Olympic Park with the post-Games activities,” he added.
“There are pure endorsement and mutual benefits for both Olympic Games and Formula One project.
“It [the race] will not impact on the timeframe of the preparation for the Games.”