Thailand's cabinet has approved a bid to host a Formula 1 street race in Bangkok as early as 2028, officials said on Tuesday.

Thailand’s place on the Formula 1 calendar inched a little closer after the country’s cabinet approved a $1.2billion bid to host a street race in the Thai capital from 2028

The Thai government has approved a $1.2 billion proposal to host a Formula 1 race on the streets of Bangkok, with the first event targeted for 2028. Officials have outlined a five-year plan to stage races from 2028 to 2032, pending approval from the FIA and Formula One Management.