OCTOBER 23, 2001

British GP plan announced

Octagon Motorsports Limited, the promoters of the British Grand Prix, have announced a plan to help the traffic problem that has plagued the event in recent history.

OCTAGON MOTORSPORTS LIMITED, the promoters of the British Grand Prix, have announced a plan to help the traffic problem that has plagued the event in recent history.

The plan includes a cut in attendance by approximately 30,000 fans, revised pricing, and park and ride services provided free of charge for ticket holders, hopefully reducing the number of vehicles inside the circuit.

Fans will be able to purchase tickets at 2001 prices until November 16th of this year, 190 pounds for a three day general admission ticket. After November 16th, the price will increase to 199 pounds.

"We appreciate that price increases are never popular, but we are developing Silverstone to re-launch the venue within the premier tier of the world's F1 circuits by 2004", said Rob Bain, Chief Executive of Octagon. "Improving traffic arrangements into Silverstone is part of the modernizing process, which will be reflected in enhancements of the facilities in coming years. We spent more than 1 million pounds on car parking and access improvements for the 2001 event with tangible benefits. Now we need to move this process on a further stage and major construction work is going on throughout the winter to ensure the circuit infrastructure is ready to accommodate the forthcoming M1-M40 link route. This new three-day ticketing structure will allow us to offer our customers improved access times to and from the venue, with reduced traffic congestion and an enhanced quality experience".