[kropotkin thinks...] - Funding Appears for Circuit of Wales - MotoGP at Track from 2

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The Circuit of Wales is edging ever closer to becoming a reality. BBC Wales is reporting that UK insurance giant Aviva will be backing the Circuit of Wales project, and providing funds to allow building work on the track near Ebbw Vale in South Wales to start. Construction will take some time, however, and Silverstone will continue to host the British round of MotoGP for the 2016 and 2017 seasons, the race only moving to the Circuit of Wales from 2018 onwards.

The news that Aviva is to provide financial backing for the Circuit of Wales still leaves many questions unanswered. It is not clear from the reports by BBC Wales exactly how much money Aviva will be putting into the track. The circuit needs £300 million in private investment, on top of roughly £30 million in public funding in the form of loans. Whether Aviva will be providing the full £300 million for the Circuit of Wales, or sufficient seed money for building work to start is unclear.

Source:
http://www.bbc.co.uk/news/uk-wales-35526111


http://www.bennetts.co.uk/bikesocial/news-and-views/news/2012/2016/febru...


http://www.circuitofwales.com/media/...-statement.pdf




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