The Circuit of the Americas in Austin, Texas, site of this year's United States Grand Prix is set to be completed this August, according to motorsports website autosport.com.
The 120,000 spectator capacity, Rs 1,760 crore (estimated) venue will host the first United States GP since the 2007 edition held at the Indianapolis Motor Speedway. Doubts had been raised regarding the status of the race and the circuit after construction on the circuit was halted in June, 2011 following rumors that the project was underfunded.
The problems escalated to the point of the contract held by then race promoter Tavo Hellmund being cancelled later in November. A fresh contract was created and signed by Formula One Management, the sport's commercial rights holder and two members of the venture capital group responsible for the initial financial backing of the project.
The United States GP is scheduled to be the 19th and penultimate round of the 2012 F1 season and will take place from 16 to 18 November. A second American F1 race is scheduled for the 2013 F1 season on a temporary street circuit in New Jersey.