Fiorano Circuit is the private track owned by Ferrari for development and testing purposes. It is located near the Italian town of Maranello. Built in 1972, its 8.4 metres (27.6 ft) wide and 3,021 metres (1.9 mi) long. Average F1 lap speed is over 160 km/h (99 mph) and top speed is 290 km/h (180 mph). Because it is a testing track, it has many different kinds of turns and corners, with corner diameters between 13 metres (42.7 ft) and 0.3 metres (1.0 ft). All in all it has a lot of similarities with most European GP circuits.