The mayor of Madrid has dismissed speculation that the city may struggle to be ready to host its first Formula 1 race in 2026.
This week, Mayor Jose Luis Martínez-Almeida reiterated that while the official F1 calendar for 2026 has yet to be confirmed, Madrid's debut race "will be held in September."
Concerns have arisen due to delays in the tender process, which have stalled the start of construction work at the planned Ifema venue fairgrounds until at least late April.
Spanish newspapers have speculated that issues surrounding joint funding between the city of Madrid and private investors may be contributing to the delay.
However, Almeida sought to reassure both locals and F1 fans.
"The race will take place, and it will be a success," he told Europa Press.
That said, he acknowledged that time is of the essence.
"Formula 1 is just around the corner, and we need to have the circuit and all the facilities ready," the mayor said. "Everyone involved in this project is working very hard to make it happen."
Almeida insists that Madrid's F1 project remains "on track" and pointed to similar projects, such as Miami and Las Vegas, which also faced last-minute challenges but were ultimately completed on time.
The tender process for construction companies officially closed in January, with five bids reportedly submitted for the originally budgeted €137 million project.
However, no official decision has been announced on the winning bid, nor is there a confirmed date for when work will commence.
Despite the uncertainties, Almeida remains optimistic.
"I want to pass on tranquillity to the people of Madrid because Formula 1 is going to be a success," he stated.
"Ifema and the community of Madrid are working very hard to make it a reality."
