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The Circuit of Wales will be applying for planning permission next month, a venue spokesperson has confirmed to GPUpdate.net. The proposed track, based in the Rassau Industrial Estate to the North of Ebbw Vale, is part of an 830-acre development which is set to cost in the region of £250 million to construct.
Should the plans be accepted by the local council, work on the facility could begin in early 2013.
"We are applying for planning in October," a spokesperson told GPUpdate.net on Tuesday. "There is a mandatory 16-week waiting period until Blaenau Gwent County Borough Council can give us the go-ahead, which we are confident they will.
"This would mean confirmation of the decision would reach us circa late January to early February. Given the green light, construction would begin immediately."
The circuit has set its sights on hosting a range of high-profile events, including the World Touring Car Championship, MotoGP and World Superbikes.
Although Formula 1 is not a targeted championship at present, the standard of the venue is expected to be sufficient enough to welcome the highest levels of motor racing when it is officially opened.
"As for Formula 1, there are no discussions at this moment in time concerning that particular event," the spokesperson added of the overall plans. "However, the circuit will certainly be able to cater for Formula 1, should the eventuality ever arise."
If construction work is authorised and ultimately completed over the coming years, the Circuit of Wales would become the country’s primary motorsport venue. Around 6,000 full-time jobs are expected to be created in areas such as stewarding, security and leisure, with a yearly boost of £50 million predicted for the Welsh economy.
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