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The winning company of the parking tender in Istanbul has been announced: it must bring Formula 1 to our country in 2026!

Formula 1 circuit located in Tuzla district of Istanbul from Istanbul Park Its future was a matter of great curiosity after the agreement with Intercity ended. In recent months it was announced that the tender for the facility would start on April 2.

That day came and the company that won the tender was announced. Can hold inside Can Bilim Educational Institutions Inc.was the company that won the tender. Only one company took part in the tender.

Can Holding would bring the races to Turkey in 2026 under a 30-year deal worth $117 million.

The tender announcement stated that the agreement would have a term of 30 years and a cost of 117 million 806 thousand dollars. The winning company is Can Holding, owner of Can Bilim Educational Institutions. Doğa College and Bilgi University Let us add that it is the umbrella company of education-oriented institutions such as. According to Motorsport.com, the company also has operations in many different areas, including hospitals, transportation, hotels and fuel.

The agreement transfers control of Istanbul Park to Can Holding for 30 years. The tender conditions shared in recent months stated that a Formula 1 guarantee would be needed. So the company F1 racing should be brought to Turkey in 2026. The explanation of this problem in the specification was as follows:

Statement about Formula 1 races in the specifications:

“The Contractor guarantees that the Formula 1 races will be held on the property and within 1 (one) month after the contract for the work has been signed, agreement will be reached on the Formula 1 races to be held on our property. the estate and the protocol to be signed are communicated to the administration, failing which the contract will be dissolved and the deposited guarantees will be registered as income with the administration,
The Contractor undertakes that Formula 1 races will start on the existing Formula 1 circuit on the site from 2026. For each year in which no more races can be held after this year, including 2026, an annual fee of 25% of Formula 1’s contract price for that year will be paid to the administration.

Source: Web Tekno

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