Madrid F1 Track project secured by Acciona and Eiffage Construcción
Madrid, Spain, will soon be home to a new Formula 1 racing circuit, and the job of building it has been awarded to two construction companies Acciona and Eiffage Construcción. The circuit, named Madring, is set to host its first Formula 1 races in 2026.
The Madring project was originally budgeted at US $118.8mn but the two companies offered to build it for $89mn. Acciona owns 60% of the partnership while Eiffage owns 40%. This joint venture now has the responsibility to turn Madrid into a Formula 1 destination.
The new racetrack will be constructed in the northeastern part of Madrid. Most of the track (about 4.1km) will be built on land owned by IFEMA Madrid, which is an exhibition and events centre. The remaining 1.3km of the track will be built along public roads. After each race, the public roads will be restored for normal use by everyday drivers.
Construction work is expected to begin in April 2025 and is planned to be completed by May 2026, in time for the Formula 1 season. The new circuit will be 5.4km long and will meet the international standards set by the FIA (International Automobile Federation) for Formula 1 racing.
The project involves, building permanent track structures such as the actual racecourse and key facilities, setting up and later removing temporary structures for each race, like grandstands, pits, and hospitality areas, restoring public roads used for the circuit so they can be used again after each event.
Acciona and Eiffage are committed to reducing environmental impact during construction by reusing up to 700,000cu/m of earth from excavation work, recycling 60% of the materials moved during construction, using HVO (Hydrotreated Vegetable Oil) fuel for all machinery and vehicles involved in the project, which helps reduce CO2 emissions, powering construction equipment and on-site facilities with renewable electricity. These eco-friendly measures will make the Madring not just a track but also a greener one.
This is not the first time Acciona and Eiffage have worked on race tracks. Acciona has previously built the Motorland Aragón track, and Eiffage has worked on the Jerez circuit, which hosted the 2009 MotoGP Grand Prix, as well as the Carmona circuit in Seville, one of Spain's largest racing venues.
Once completed, Madring will become a new addition to the Formula 1 calendar. The project is part of Spain's growing interest in motorsport, as the country continues to invest in racing infrastructure. With the Madring set to host F1 drivers from the world, this track will bring attention to Madrid, boosting both tourism and the local economy.
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