The Singapore Grand Prix is set to remain on the F1 calendar after Bernie Ecclestone and the race promoters agreed terms for a contract extension.
Ecclestone told the Singaporean newspaper Today the government will announce the deal shortly.
The F1 boss said: 'Everything that was in the way of the Singapore Grand Prix continuing for another five years has been cleared.
'I'm happy that this is out of the way because Singapore has been good to F1 and the night race has also been equally good for Singapore.'
The Singapore Grand Prix was added to the F1 calendar in 2008. The new deal will see the street race remain on the calendar for a further five years beyond the end of this season.
Update: Singapore have denied a deal has been reached.
2013 F1 calendar
- Singapore agrees new five-year F1 race deal
- New Jersey F1 circuit layout details revealed in official plans
- Valencia and Barcelona to share Spanish Grand Prix from 2013
- New Jersey confirms 2013 F1 street race plans
- New Jersey Grand Prix expected to be announced on Tuesday
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Image © Red Bull/Getty images
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