Argentina has become the latest country to show an interest in hosting a Grand Prix after ground was broken ahead of the construction of a new circuit 80km outside Buenos Aires. The South American country last held a GP race in 1998 and has a long history in Formula One as the opening round of the season for many years. Velociudad SpeedCity is a new track that will be built to FIA Grade 1 safety regulations, meaning it will be capable of holding a grand prix.