Formula 1 may be disappearing up its own exhaust pipe in its current game of political attrition, but be there one eventual championship or two for us to enjoy as of 2010, there may be a new grand prix circuit on one of the calendars.

Rome’s mayor, Gianni Alemanno, today unveiled the city’s plans for a new circuit, a proposed 4.669km street track around the Eur District of the city, which was built under Mussolini’s reign to host the 1942 Expo, an event which never took place due to the outbreak of World War Two. The area is today recognised for its striking Fascist era buildings.

Running under the name: Roma Formula Futuro, the race’s bid for a place on the F1 calendar has been backed by former Italian F2 champion Maurizio Flammini, who is attempting to recruit heavy hitting investors to the project.

Rome wants to join Monaco, Valencia and Singapore as a street race in F1, but may have to compete with Valencia if it wants to grab hold of the “European GP” title currently held by the new-for-2008 circuit. F1 supremo Bernie Ecclestone has already said Rome stands very little chance of getting onto the F1 calendar before 2013. But you don’t have to wait that long, becuase I’ve found a preview video for you to enjoy!