Formula 1 will remain at the Circuit Gilles Villeneuve through to 2029 after Canadian officials agreed a new deal with Liberty Media.
The Montreal circuit, a favourite with drivers and fans alike, has been on the calendar since 1982, excluding 1987 and 2009.
— Tourisme Montréal (@Montreal) June 10, 2017
The current deal was scheduled to expire in 2024 but on Friday, an extension was announced.
Montreal Mayor Denis Coderre announced that the Québec government would invest $98.2 million into the circuit, thus securing the future of the Grand Prix.
According to Motorsport.com, it was also announced that a new pit building, costing $52 million, would be up in time for the 2019 race with work scheduled to begin immediately after the 2018 Grand Prix.
— Grand Prix F1 Canada (@GrandPrixF1Can) June 10, 2017
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