MONTREAL, QC - JUNE 12: Fans in the grandstands during the Canadian Formula One Grand Prix at Circuit Gilles Villeneuve on June 12, 2016 in Montreal, Canada. (Photo by Mark Thompson/Getty Images)

After news that Malaysia does not to renew their contract with Formula One due to increased costs and low attendance figures, the Circuit Gilles Villeneuve in Montreal, which was also under a cloud, has finally confirmed that they would definitely have the F1 circus back again next year.

Speaking on Tuesday, Montreal Mayor, Denis Coderre, confirmed that there was a current deal in place, signed in 2014, to host the immensely popular event on the June 11 weekend in 2017 and every year after that until at least 2024.

However, the issue with the agreement was that work needed to be completed on the circuit before next year’s event, including pit areas, grandstands, medical centre and the F1 paddock itself. No details were given about the works that needed to be done apart from the reassurance that they would indeed go ahead.