Lewis Hamilton steers his car by the hairpin during the qualifying session for the Canadian Grand Prix at the Circuit Gilles-Villeneuve in Montreal in 2008. (Jacques Boissinot/Canadian Press)

The details of a final agreement to bring back the Canadian Grand Prix will be unveiled Friday at 3 p.m, Radio-Canada reported Thursday.

The five-year, $75-million deal will reportedly include $15 million in annual government contributions. That includes $5 million from the federal government; $4 million from the province and $5 million from Tourism Montreal — paid for by a special tax on hotel rooms.

The race in Montreal was removed from the Formula One circuit in October 2008 over a contractual dispute, to the dismay of civic leaders and merchants.

Since then there have been signs of progress in talks between government officials and F1 boss Bernie Ecclestone.

In September, officials confirmed the race was on the 2010 F1 calendar, but a final agreement had still not been signed.

The federal revenue ministry had to settle the question of how much Ecclestone would be obliged to pay in taxes.

Ecclestone also had to settle his disagreement with former race promoter Normand Legault, one of the major reasons the race was pulled from the schedule.

The car manufacturers had been unhappy with the cancellation of the only F1 race in North America — their biggest market — and had pressured Ecclestone to reinstate the race, through the Formula One Teams Association, Radio-Canada said.

The race is expected to take place June 13 on the Gilles-Villeneuve circuit.