The government of the German state of Rhineland-Palatinate is set to make hundreds of millions of euros available to the Nürburgring. This will guarantee that a loan be partially paid, making it possible for the Nürburgring to continue to operate. According to Germany's Deutsche Welle, officials in the West German state came to the decision to keep the track afloat during a special meeting of the state legislature's budget and finance committee. The loan, in the amount of €254 million ($312 million) enables Nürburgring GmbH, who operates the track, to service a €330 million loan ($402M).
2DayBlog.com , German state to float $312M loan guarantee for Nürburgring
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itworld, German state to float $312M loan guarantee for Nürburgring
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