BUENOS AIRES, Argentina - Plans to revive the Argentine Formula 1 GP, last held on an ageing circuit for the 1998 g\GP, emerged two years ago.F1 chief executive Bernie Ecclestone now says: "We're always open to doing something in Argentina. When we meet some serious people, it will happen."MotoGP riders on Sunday (April 27 2014) raced at the Autodromo Termas de Rio Hondo , an overhauled facility thatalso hosts Formula Renault and World Touring Cars.STRONGER COUNTRY?On the sidelines of the new MotoGP race, Argentine tourism minister Enrique Meyer revealed his government's ambition to also return toF1. He was quoted by France's L'Equipe as saying: "We hosted F1 for many years but could not continue for economic reasons."Rio Hondo has the features to be registered to receive F1. We believe a country that loves motor sport must have prestigious events."L'Equipe said Meyer confirmed that, for the F1 bid, additional investment would be made to improve roads, airports and hotels in the area. The track is in Santiago del Estero province, about 1100km from Argentina's capital city Buenos Aires.Stay with Wheels24 for the 2014 F1 season – fresh reports every day.