A consortium backing a grand prix in Danish capital Copenhagen for 2020 is in advanced talks with Formula 1 bosses, Autosport has learned.
A group led by Helge Sander, former Danish Minister of Science, Technology and Development, and Lars Seier Christensen, ex-owner of Saxo Bank, has proposed a circuit that would run through Copenhagen's city centre, passing landmarks such as the parliament building and crossing two major bridges.
Sander met with F1 CEO Chase Carey, his commercial chief Sean Bratches and director of promoters Chloe Targett-Adams over the Singapore GP weekend to discuss the plans in detail.
Danish ex-F1 driver Jan Magnussen has helped design the circuit, along with F1 track architect Hermann Tilke, and the layout has been described as 'Baku-like'. Magnussen reckoned the layout would make the circuit "one of the most spectacular in F1".
The project has received further support from the Danish government, the royal family and the Copenhagen city government, although all parties are seeking private funding to make the project viable.
At the recent Singapore GP, organisers revealed that it cost the city state approximately £80million per year to stage and host the race, 60% of which was government-funded, with the remainder coming from promoters.
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