Copenhagen Formula 1 plan in doubt over municipal financing

Doubt has emerged over the viability of a plan for a Formula 1 Grand Prix to be held in Copenhagen due to apparent disagreements between the city’s municipality and the government over funding.

Copenhagen Formula 1 plan in doubt over municipal financing
An image from the Bahrain Grand Prix earlier this year. Photo: HOCH ZWEI/picture-alliance/dpa/AP Images/Ritzau Scanpix

A statement was made by Finance Minister Kristian Jensen on Thursday following a meeting between Jensen and Copenhagen’s lord mayor Frank Jensen, newspaper Politiken reports.

“The government is prepared to put some money into the hosting of Formula 1 in Denmark. But we don't think it’s reasonable that the city where such a large event is to take place does not also contribute economically,” Kristian Jensen said.

The minister added that other Danish cities, including Odense, Herning and Horsens, have generally made significant financial contributions to their candidacies as hosts for sporting events such as the Giro d'Italia and Tour de France.

“We ask all cities to be a part [of funding] when a major sporting event is in town. So it is also fair for Copenhagen Municipality to do this,” the minister said to Politiken.

The Ministry of Finance is to officially inform the municipality that “if we are to continue on this path, we in the government expect Copenhagen Municipality to be prepared to contribute financially to the hosting of Formula 1 in Denmark,” according to the report.

The lord mayor has a one-vote majority on the city council to continue talks with the government and private investor Lars Seier Christensen and former minister Helge Sander, who are behind the plan to bring a Grand Prix to the Danish capital.

Opposition parties the Red-Green Alliance, Alternative, the Socialist People’s Party and the Social Liberals have all said they are opposed to a Formula 1 event in Copenhagen.

Several Social Democrat councillors have also expressed their scepticism over the plan, which would need municipal approval for the use of the city's roads, Ritzau reports.



Copenhagen Metro lines reopen after two-week closure

Lines M3 and M4 of the Copenhagen Metro are back in service having reopened on Sunday, one day ahead of schedule.

Copenhagen Metro lines reopen after two-week closure

The two lines had been closed so that the Metro can run test operations before opening five new stations on the M4 line this summer.

The tests, which began on February 10th, are now done and the lines were running again as of Sunday evening, a day ahead of the original planned reopening on Monday February 26th.

“We are very pleased to be able to welcome our passengers on to our two lines M3 and M4,” head of operations with the Metro Søren Boysen said.

“The whole test procedure exceeded all expectations and went faster than expected and we can therefore get a head start on our reopening now,” he said.

Time set aside for potential repeat tests was not needed in the event, allowing the test closures to be completed ahead of time.

“Several of our many tests went better than expected and we have therefore not used all the time we needed for extra tests,” Boysen said.

The two lines serve around one million passengers every week, according to the Metro company.

READ ALSO: Copenhagen city government greenlights extension to Metro line

The new stops on the M4 line will be located south of central Copenhagen in the Valby and Sydhavn areas. The will have the names Haveholmen, Enghave Brygge, Sluseholmen, Mozarts Plads and København Syd (Copenhagen South).

The M3 and M4 lines, the newer sections of the Metro, opened in 2019 and 2020 respectively.