The Northern Territory government is assessing the feasibility of turning its V8 Supercars event into a night race.

Following the 18th running of the event at the weekend, Chief Minister Adam Giles has told the NT News that his government believes a night schedule would increase the economic benefit to the region.

The government is currently weighing up the costs of flood lighting the circuit in order to be able to schedule races after dusk.

“There’s potential to bring more (money) to the Territory at night,” said Giles.

“It would be more about the exposure we’d get from around the country and from Asia and being able to showcase Darwin over that weekend with the advertising.

“Darwin has always been the leader in V8s in the country; whether it’s been concerts at the V8 events, or setting up public transport for the V8s, we’ve always been a market leader.

“Now we’re looking at the next step.”

Significant government investment has already been made on the circuit in recent years, while another $8 million has been earmarked for infrastructure upgrades in the 2015 Budget.

“It’s only very early investigations with working out the cost, quality, logistics, and making sure there’s a return on investment from the taxpayers’ point of view,” Giles added.

“It might be seen as a far-fetched idea, but we’re keen to have a quick look and get an estimation. We want to make sure we’re adding value to the tourism industry.”