An agreement on the construction of the sport facility had been inked, involving a French investor, said Edwin Darmasetiawan, Director for Indonesia Tourism Development Corporation, reports Xinhua news agency.
"The commitment is clear, construction of a circuit for MotoGP in Lombok," he said.
The circuit would be constructed on 120 hectare of land in Lombok of the province, the director said.
The construction is expected to be completed in 2019, said Darmasetiawan.
The project requires funding of 13 trillion rupiah (some $1.049 billion), he added.
The director said that the new facility is expected to help attract more foreign tourist to the province.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
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