According to information published yesterday by the digital edition of El Mercantil Valenciano, the cost of the work of urban circuit in Valencia doubled and the budget allocated in the first instance. Thus, it seems increasingly difficult argument contended that the millionaire investment, the so-called “zero cost”.
The Formula 1 will cost the coffers of the Port Authority of Valencia about 13,290,266 Euros
The rest of the investment, 68.9 million euros, will be funded by the Supervisor of Transport and Ports (PWG) to whom the Ministry of Economy authorized the granting of guarantees to borrow and pay for the circuit works worth 60 million euros
Can someone explain how we are going to pay these works and why these amounts are intended to cover and not to meet citizens’ needs? Displaying the money that drives Formula 1 may well think that Valmor could find their own sources of funding.
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