Osterreichring was completely rebuilt at the same site in 1995 and 1996. Renovation utilized new contraction trends to insure safety of race participants. 32 million dollars was spent on this reconstruction. Austrian cell phone company A1 sponsored majority of occurred costs. New circuit was named after the company to honor generous donation.
A1-Ring configuration is very similar to that of Osterreichring; however straights became shorter and corner radiuses are now smaller. Nevertheless A1-Ring is still maintaining the reputation of a high-speed track.
After 2003, a plan was drawn up a plan to expand the track and parts of the circuit was demolished. A construction work was stopped and the circuit remained unusable for several years before it was purchased by Dietrich Mateschitz. Renamed the Red Bull Ring the track was rebuilt and reopened on 15 May 2011.