F1 talks only with AP: Ecclestone
Hyderabad, Jan. 30: The State Government received a shot in the-arm on Friday when Formula One Boss Bernie Ecclestone faxed a letter to the government revealing that the company was not holding talks with any other party in India.
Maharashra Chief Minister Sushil Kumar Shinde had claimed that the Formula One team was in touch with him to shift the track from Hyderabad to Mumbai.
Bernie Ecclestones letter put paid to Maharashtras hopes.
In a letter to P V Rao, Chairman, AP Infrastructure Authority, who is dealing with the Formula One company, Bernie Ecclestone said: This is to confirm that at this time we have not entertained any meeting with any other parties. I will inform you as you know we have kept our side of the agreement. Best Wishes...
State Government sources told Deccan Chronicle that the letter has put to rest the Maharashtras claim that the company was planning to shift the track to Mumbai. Hyderabad is still the front-runner for the Formula One track, the sources added.
Apart from Andhra Pradesh, Maharashtra and Karnataka are vying for the prestigious project.
The State government had sent a team of officials led by Rao to hold talks with the Formula One team thrice to London. The team is expected to meet Bernie Ecclestone again in February to discuss legal and commercial aspects.
The Formula One Company had sent a set of draft agreements covering various aspects including allotment of 1,300 acre, financial tie-up for the project, promoters, legal issues and others to the State.
Rao said that the government was going through the draft agreement, which required a thorough perusal, before going back to the company. He, however, feigned ignorance about the claims of Maharashtra Government.
Sources said that Ecclestone has already inked an agreement with the State with a lock-in period for negotiations. It is only after the lock-in period the F1 would be free to open negotiations with others. The State has already declared the F1 a Mega Project.