OXFORD, United Kingdom-- The BMW WilliamsF1 Team today confirmed that Juan Pablo Montoya's contract with the team has been extended for a further two seasons until the end of 2004.
Team principal and WilliamsF1 Managing Director, Frank Williams said, "Juan is an outstanding talent, and we are all naturally delighted that the team will stay together for the next two seasons. Both his natural resource of skill and the continuity that this agreement offers will provide a considerable impetus for the team to build a championship challenge in 2003 and 2004."
Montoya, who is currently tied with team-mate Ralf Schumacher with 40 points in the FIA Formula One Driveršs Championship, said, "I have no doubt that both WilliamsF1 and BMW are completely determined, and have the will to win a Championship title. It is for these reasons that I am delighted to be racing with the BMW WilliamsF1 Team."