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G1 Scrutinizes Bidding Procedure for Construction of Projected F1 Racetrack in Rio

By Richard Mann

RIO DE JANEIRO, BRAZIL - Incorporated only 11 days before launching a bid to build and manage the Deodoro Formula One (F1) racetrack in the West Zone of Rio de Janeiro, winning bidder Rio Motorpark Holding S.A. has a stated capital of only R$100,000 (US$25,000), even though the bidding process required a minimum capital of R$69.7million (US$17.4 . . .

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