Bovis, Morrison and regional contractor Stepnell have won motor racing projects worth £48m.

Morrison's civil engineering arm is to build the £28m first phase of the Rockingham Motor Speedway in Corby, Northamptonshire. It will be Britain's first new motor racing circuit since 1907, and will cater for 130 000 spectators.

Morrison is an investor in the company backing the £50m project, which is mid-way between the A1M and the M1. The circuit will feature a banked 2.4 km oval track.

Rugby-based Stepnell has won a contract to build a 11 000-seat grandstand, pit buildings, retail and office space, race control centre and hospitality buildings.

In the USA, Bovis has won the construction management contract to remodel and renovate the Indianapolis circuit. The project is understood to be worth up to £20m.

Bovis will be in charge of bringing the circuit up to Grand Prix standards. This will involve reinstating a 4 km track with 13 corners. Thirty-six pits and a media centre will also be built.