Formula One announced a 10-year contract extension with the Australian Grand Prix on Thursday to continue racing in Melbourne through 2035.
The new agreement will also bring feeder series Formula 2 and Formula 3 to the circuit for the first time starting next year. Organizers have also promised upgrades to the paddock and pit lane.
“The Australian Grand Prix has never been bigger, with more than 419,000 people flocking to Albert Park for this year's race,” said Martin Pakula, minister for Tourism, Sport and Major Events for the Victorian Government.
