Symmons Plains V8 racing secured for five more years

The future of the annual V8 Supercars Series round at the Symmons Plains International Raceway in Tasmania is secure until at least 2019, following the agreement of a new five-year deal worth $4.125 million.

Located 30 kilometres south of Launceston, each year the event draws year more than 55,000 spectators , injecting almost $5 million annually into the local economy.

A statement from the Tasmanian Government explained "the event is a major drawcard for around 3,500 interstate visitors per year, with each staying an average of three nights, which has an enormous flow-on effect for other tourism destinations state-wide.

"Hotels, restaurants, taxi drivers and other small businesses will also benefit greatly, supporting jobs particularly in the north."

The Tasmanian Government has also committed $2 million over four years to improve the Symmons Plains racetrack, with a schedule of works to be determined in consultation with the Confederation of Australian Motor Sport.

This investment will build on the raceway's reputation as one of the country's best spectator venues and technically challenging tracks for drivers.

Symmons Plains International Raceway image courtesy of V8 Supercars.

1st November 2010 - V8S TO STAY IN TASMANIA