Phakisa Freeway was built on the same site as the former Goldfields Raceway, which closed in 1997.
The current track opened in 1999. It consists of a 4.24 km road course and a 2.4-kilometre (1.5 mi) oval course. The road course uses the oval’s pit lane as its backstraight and crosses the oval’s backstretch on two times.
The oval track is similar to the Las Vegas Motor Speedway in its 1997 configuration: 12 degree banking in the turns, nine degrees on the tri-oval and three degrees on the back stretch. It was built to attract American oval racing like NASCAR or IndyCar.