HYDERABAD: The Hyderabad E-Prix is unlikely to take place in Hyderabad as planned in February 2024 with fresh concerns emerging after the recent state assembly elections. This development comes just six weeks before the event is originally scheduled to take place on February 10, 2024.
Whether the races would happen as per schedule is not known. The organizers say they will have to obtain clarity from the Telangana Government on its decision.
The Formula E and the Municipal Administration and Urban Development (MAUD) are in discussions regarding the Host City Agreement signed on October 30, 2023, and the staging of the Hyderabad E-Prix scheduled for February 10, 2024.
Following a recent official communication received from the Telangana government, Formula E is seeking urgent clarification of their contractual commitments under the agreement and how it could impact the Hyderabad race. Based on the content of the letter received, Formula E is concerned that the race will not be able to go ahead as planned, a statement released by the team read.
''Formula E’s senior executive team met with the new leadership of the Telangana government immediately following elections earlier this month. Discussions have been ongoing since then. With the event just a few weeks away and in its final stages of preparation, Formula E, partners and suppliers have already made significant commercial investments in the event'', it added.
The inaugural Hyderabad E-Prix in February this year returned almost 84 million USD in positive economic impact to the region, many times more than the overhead costs invested by Formula E and the Government of Telangana.
Hyderabad is set to host the only official FIA World Championship event in India next year, alongside other iconic world cities including Tokyo, Shanghai, Berlin, and London, as part of a multi-year agreement between Formula E and the Government of Telangana.
Further updates will follow in due course, they added.
The inaugural Hyderabad E-Prix was held on the streets alongside Hussainsagar Lake earlier this year, with an attendance of roughly 31,000.
from The New Indian Express - Telangana - https://ift.tt/1V9gwQq https://ift.tt/rEYTHfu
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