Two contractors share deal to build new Formula 1 racing circuit in Madrid

The so-called Madring will be used for F1 races from 2026 onwards.

The project had a tender budget of €111 million and has been awarded to the consortium, which is 60% owned by Acciona and 40% by Eiffage, for €83.2 million.

The circuit will be located in the northeast of Madrid. Apart from a section of public roads, it will mostly sit on plots of land belonging to IFEMA Madrid, an events and exhibitions venue in Madrid.

Work includes the assembly and dismantling of all the temporary track structures and facilities for the race, as well as the restoration of the public roads that will form part of the circuit for their everyday use once the race is over.

A map of the planned Madring Formula 1 racing circuit (Image courtesy of Acciona)

The consortium will start work on all the permanent structures and elements this April and to complete them by May 2026.

The circuit, designed under the Grade 1 standards of the International Automobile Federation (FIA), will be 5.4 kilometres long, of which 4.1 kilometres will be within IFEMA Madrid land and 1.3 kilometres on a section of public roads.

The project will reuse nearly 700,000 cubic metres of earth from road cutting and excavations.

During the construction process, Acciona and Eiffage will use HVO for machinery and vehicles, as well as renewable electricity for on-site facilities.

In addition, 60% of the total displaced earth and materials will be reused for the project and the remaining 40% will be stored for later use in other works.

Acciona previously built the Motorland Aragón race track, located in Alcañiz (Teruel, Spain) and the test center for Scandinavian tyre manufacturer Nokian Tyres, located in Santa Cruz de la Zarza (Toledo, Spain).

French-owned Eiffage Construcción has more than 50 years of experience in Spain. It manufactures and supplies aggregates, concrete and bituminous mixtures in the country and operates an asphalt factory just 12 kilometers away from the project. It previous asphalted the Jerez circuit (for the 2009 MotoGP Grand Prix) and Spain’s third largest race track in Carmona (Seville).