Initially Ferrari boss Luca Cordero de Montezemolo wasn’t too approval of another Grand Prix in Italy, stating that if only its a one-off event was more appropriate.

Now he has changed his mind and is alright with the idea for a new Grand Prix in Rome, as he spoke to the media.

Montezemolo says, “If the Rome Grand Prix comes off then Ferrari will prepare in the best way possible, starting to get acquainted with the EUR (district) because it will want to come first. I’ve spoken to Bernie and if, as it appears, the costs can be totally borne by private investors, I think it would be interesting to make an in-depth assessment of its feasibility. We will have to see how to include it in the F1 calendar, because there are many emerging countries that would like to host a world championship race”.

Currently a bunch of Roman financiers are spearheading the Rome GP plans and the Rome leg location is set to be located in EUR, which is found of the southern part of Rome.

So far F1 boss Bernie Ecclestone has given his backing, and I reckon it just needs FIA boss Max Mosley stamp of approval to get the project underway.