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rnCompany officials are betting on the success of the purpose built track at Pannala, which will be developed to Formula Three standards by 2004, and the invitation by Premier Ranil Wickremasinghe to set it up in Trinco.rn
rnOfficials are yet to conceive a working plan for the Formula One racetrack, which will help them, guide them in setting up the track. rn
rnMeanwhile, Speed Lanka will work on developing its newly built racetrack into a Formula Three track with hopes of opening up to international races, local racing clubs and even to interested individuals and corporates. rn
rnInitial work on the tack surface was completed this week. The company will pump in up to Rs.
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150 million to put in the basic infrastructure including clocking machines, pits and other basic amenities. rn
rnDeputy Chairman, K. Omprasadham said the company was hoping to