Here is a basic rundown of what you will need:

Light chassis
B,H,K series motor
Iron Sleeves
Low compression pistons (9:1)
Forged rods
Valves, valvesprings, and retainers
Turbo capable of 500+ whp
1600 cc injectors
Engine management

If you don't cheap out on parts and build it properly, it will last a good while.