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Asbestos found in 2024 raised Melbourne F1 pit rebuild costs to $395M, delaying completion to 2028.
The cost to rebuild Melbourne’s Formula 1 pit facility has risen by $115 million to $395 million due to asbestos discovery at Albert Park, according to Victoria’s auditor-general.
The finding, made in June 2024, triggered extensive cleanup and delays, with the state already spending $100 million in 2023 and 2024 to cover event shortfalls.
The project, part of a 2023 agreement to keep the race in Melbourne until 2037, includes new garages, media facilities, and community spaces, with construction set to finish by 2028.
Critics and the auditor-general raised concerns over transparency, budget mismanagement, and risks to the state’s broader infrastructure program.
El asbesto encontrado en 2024 elevó los costos de reconstrucción del pozo de Melbourne F1 a $ 395 millones, retrasando la finalización hasta 2028.