It is an ambitious project spearheaded by the "master" of circuit design, Hermann Tilke, and work is due to be completed in 2011. The presence of Russian rookie Vladimir Ivanov in Team Gresini Racing´s Moto2 line-up this season gives extra value to the Crimea Grand Prix Circuit´s sponsorship of the team, who will offer them a valuable means of promotion. Anatoly Kuchmi Speaks…"We are glad that we have started to collaborate with Fausto Gresini’s Team (MotoGP and Moto2), said Anatoly Kuchmin co-owner of Stepracing Team Ltd. We hope that our joint work influences fruitful on Vladimir Ivanov’s results and also advance of our aspiration for holding one of Moto GP events on the race track Crimea Grand Prix Circuit which at the present moment is in the process of building by our company Stepracing Team Ltd. In case of successful holding of current championship our company will consider a question concerning continuation of partnership with Honda Gresini Team."Fausto Gresini Speaks…"It makes us proud to be able to promote such an ambitious project as a completely new circuit through our Moto2 team," added Fausto Gresini. "The exposure we can offer through a top level rider like Toni Elias and a promising youngster in the shape of Vladimir Ivanov will be of huge value to the promotion of a structure that will become one of the most important venues in international motorsport from 2011."