The Brazilian Grand Prix will be staged at a new circuit in Rio de Janeiro next year, according to the country's president Jair Bolsonaro.
The organisers of the race in Sao Paulo have denied that the race will be moved, saying: "There is a contract in place to hold the Brazilian grand prix in Sao Paulo until 2020 and both sides continue to honour their commitments".
The Brazilian race was held in Rio in 1978, and then from 1981 to 1989, before returning to its original home at the Interlagos circuit the following year.
At a press conference, he announced that a deal had been signed with Rio's governor Wilson Witzel and mayor Marcelo Crivella for the construction of a new track in the western Deodoro district.
The future of the grand prix at its current venue, Interlagos, was in doubt, and although a contract exists to keep the race there until 2020, Bolsonaro said it was "no longer viable" as it relied on funding from the local government.More news: Eden Hazard drops major hint regarding his Chelsea future
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The Brazilian president said the construction of the circuit will take between six to seven months and create as many as 7,000 new jobs. "With this, thousands of jobs will be created, benefiting the economy and the population of the state".
The area was used as a venue for some events in the 2016 Olympics, including equestrian, field hockey and modern pentathlon.
If Formula One does indeed move to Rio de Janeiro in 2020, it will end Sao Paulo's hosting duties which stretch back to 1990.
The president of Brazil, Jair Bolsonaro, has seemingly confirmed that 2019 will be the last time the famous Autodromo Jose Carlos Pace, better known as Interlagos, will host a race in Formula 1.
Now largely subsidized by government funding, the new race in Rio de Janeiro will be privately funded -- the losses made by hosting the race each year being pivotal in the decision-making process.
Jacarepagua was demolished in 2016 to make way for the Olympic Park.