THE HILL CLIMB event being spearheaded by the Cooma Monaro Historic Car Club at Mt Gladstone is on track to be held in April or May next year.
Upgrades to the road have been completed by Cooma-Monaro Shire Council to bring the road up to a suitable standard to host the event.
Improvements were made to drainage, guard rails were constructed and the width of the road was extended in some sections, in accordance with requirements by the Confederation of Australian Motor Sport (CAMS).
The $60,000 project was funded by a grant secured by the Car Club from the state government, and matched by Cooma council.
The Car Club handed over a cheque for $33,000 as its co-payment to the council on Wednesday at Mt Gladstone.
Council's director of engineering services David Byrne said council contributed $30,000 to the project to promote the great endeavours the Car Cclub are undertaking which would benefit tourism and the local economy.
The Car Club hopes the event will become a regular fixture on the calendar and expects to attract entries from across south east NSW and Canberra.
There is still some work to be done before the track gets the final tick of approval from CAMS.
The Car Club has also been hard at work building 150 tyre barriers which will be installed at the track.
Car Club events coordinator Rogan Corbett said the event could attract about 70 drivers as well as up to 1,000 spectators on the day.
The Hill Climb will see drivers start from the bottom of Mt Gladstone and navigate around the 850 metre track through twists and bends to the top of the hill in the fastest time possible.
Anyone can enter but must have a CAMS licence, which would be available on the day, and have suitable clothing, helmets and a fire extinguisher in the car.
There would be designated spectator areas along the track and a bus for spectators to get them up and down the track.
Mayor Dean Lynch said the event would be a great asset to the town and be very popular as there is a shortage of tracks in Australia. He said there had also been some interest from street luge organisers to host an event at Mt Gladstone.
The event will complement the Car Club's show and shine car show and the Mountains to Coast Car Rally to be held in November this year as well as the planned upgrade of the car club sports area into a car museum.