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The Belgian Grand Prix's future has been guaranteed for the next three seasons, after race organisers signed a new deal with Formula 1 chiefs.

The fate of the Spa-Francorchamps event has been the subject of uncertainty over recent years, amid suggestions it was seeking a race-share deal with the Nurburgring or Magny-Cours.

But with the Nurburgring alternating with Hockenheim, and French GP plans collapsing for now, Spa chiefs have agreed their own deal.

The contract, which was announced by the Walloon Region's economy minister Jean-Claude Marcourt, will run from 2013 to 2015 - and is on more favourable financial terms for the circuit.

However, neither Marcourt nor Belgian GP chief Etienne Davignon were willing to speak about the financial terms of the contract during a press conference in Belgium.