Supercars has confirmed a five-year deal to host its season finale in Newcastle, releasing official images of a waterfront street circuit design.

Expected for several months, the agreement was publicly announced by New South Wales Premier Mike Baird and Supercars CEO James Warburton in Newcastle this morning.

The circuit layout takes in the city’s East End and features several of the area’s key landmarks.

“The Hunter has thousands of Supercars fans who now have an event to call their own,” Mr Baird said.

“The Coates Hire Newcastle 500 will be the first Supercars race ever held in Newcastle and is another major event secured for Regional NSW.

“It’s a picturesque course that takes in some of the city’s best landmarks, including Nobby’s Beach and Fort Scratchley.

“The race is expected to inject more than $57 million to the Hunter region over the next five years, and attract 81,000 visitors from around NSW.”

Warburton thanked the Baird government and associated partners for getting the new event off the ground.

“The Coates Hire Newcastle 500 will be a spectacular event that will showcase Newcastle to a huge national and international audience and be a fitting finale to the Virgin Australia Supercars Championship,” he said.

“I want to thank Premier Baird, Minister Ayres, Destination NSW CEO Sandra Chipchase, Newcastle City Council and Coates Hire for their support to help create what will be an unforgettable event for Newcastle.”

The inaugural event will take place in November, 2017.

Supercars is expected to release its full 2017 ahead of next month’s Supercheap Auto Bathurst 1000.