The company behind the Circuit of Wales, the Heads of the Valleys Development Company, have submitted a new proposal to the Welsh Government to help underwrite the potential cost of the project. HOTVDC originally submitted a proposal back before the Welsh Assembly elections that would have required the government to underwrite the entire £357m cost of the project. Business Minister Edwina Hart, who described it as “an unacceptable risk”, rejected the plan. TOP STORIES Whatever happened to 'Captain' Mark Phillips? Bikes for sale: Special Ducati’s Video: Freestyle motocross rider backflips over stunt plane Moto2: MotoGP pays tribute to Luis Salom However, with the new plan submitted,...
Full Story »