The Fiorano Circuit is a private racetrack owned by Ferrari for development and testing purposes. It is located in Fiorano Modenese, near the Italian town of Maranello. The circuit has FIA Grade 1 license.Built in 1972, it was originally 8.4 metres (27.6 ft) wide and 3000 metres (1.86 miles) long. In 1992, a chicane was added making it 3021 metres (1.88 miles) long, then in 1996 a new renovated track was introduced (a fast bend to replace a sharp corner at the end of the pit straight) which shortened the total length by 24 metres (0.02 miles).