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Portugal will return to the Formula 1 calendar in 2027 and 2028.
The race will be held at the Algarve International Circuit near Portimao, which held two grands prix during the Covid-19 pandemic in 2020 and 2021.
Portugal will effectively be a replacement for the Dutch Grand Prix, which will be held at Zandvoort for the last time next year.
Portimao is a 2.89-mile track that swoops over hilly terrain and is highly regarded for its driving challenge.
It has a rural location north of the coast and also has a reputation for problematic access.
F1 chairman and chief executive officer Stefano Domenicali said: «I’m delighted to see Portimao return to the Formula 1 calendar and for the sport to continue to ignite the passion of our incredible Portuguese fanbase.
«The circuit delivers on-track excitement from the first corner to the chequered flag, and its energy lifts fans out of their seats. The interest and demand to host a Formula 1 grand prix is the highest that it has ever been.»
Lewis Hamilton won the past two events, driving for Mercedes. His 2020 victory made him the all-time record holder for grand prix wins, surpassing Michael Schumacher’s record of 91.
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