Autódromo Internacional do Algarve
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Description

The 100,000 capacity Algarve International Circuit (Portuguese: Autódromo Internacional do Algarve), commonly referred to as Portimao Circuit, is a 4.692 km (2.915 mi) race circuit located in Portimão, Portugal. With a total cost of €195 million (approximately $250 million), the project includes a karting track, technology park, five-star hotel, sports complex and apartments.[1] Construction was finished in October 2008 and the circuit was homologated by both the FIM on 11 October 2008 and the FIA two days later.[2] The circuit was designed by Ricardo Pina, Arquitectos. In October 2010 the teams agreed to add the Portimao Circuit to the Formula One testing roster along with Bahrain.[3] In September 2013, the company that manages the circuit, Parkalgar Serviços, was taken over by Portugal Capital Ventures, which is a Portuguese state-owned venture capitalist, effectively placing the circuit under state management. The sale was forced by the debts accumulated by Parkalgar Serviços, believed to be approximately 160 million Euros.[4]

More info: http://www.autodromodoalgarve.com

Parkalgar, Parques Tecnológicos e Desportivos, S.A.

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