Efforts to bring Formula 1 to Thailand have progressed with approval granted for a $1.3 billion project to secure an event from 2028. The Thailand cabinet approved plans to bid for the hosting rights for an event with discussions already underway with Formula One Group.

Thailand’s place on the Formula 1 calendar inched a little closer after the country’s cabinet approved a $1.2billion bid to host a street race in the Thai capital from 2028

Thailand is accelerating its ambitions to join the Formula 1 calendar after the government approved a $1.2 billion budget.