Apr.30 (GMM) Donington Park is aiming to reopen the beleaguered circuit in August.

The track is currently unusable, after renovations for the financially failed bid by former leaseholder Simon Gillett to host the British grand prix ceased.

Owner Kevin Wheatcroft said on Thursday that plans to repair and restore Donington are being finalised, but insiders estimate the cost at between 600,000 and 1 million pounds.

Wheatcroft said in a statement that he is confident "the new improved race track can be reopened, subject to obtaining the necessary racing licences, during August 2010".

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