The construction work of KymiRing motorsport centre in Finland continues as planned. Finnish Ministry of Education and Culture approved the 3,5 million Euro grant for KymiRing.
The amount is based on the supplementary allowance granted by Finnish Parliament in 2017. The term of the allowance was that KymiRing will get private funding for the project that has now been organized and accepted.
KymiRing has provided Ministry of Education and Culture the decisions of private financers and the plan of overall funding which enabled the Ministry to accept the grant. Ministry of Education and Culture had already earlier allowed 3 million grant for the project.
Therefore, the whole allowance from Finnish government for the project is 6,5 million Euros and the share of other investors is 10 million Euros.
Minister for European Affairs, Culture and Sport Sampo Terho is pleased that the project is moving on.