The Valencia studies to reactivate the works of the New Mestalla with the money of CVC That will be charged after the agreement reached between LaLiga and the aforementioned investment fund and that will involve the disbursement of 119 million euros to the whole che.
The information, advanced by SER Deportivos Valencia, details that 70% of those 119 million, about 83.3 million, must be destined to the improvement of infrastructures, which in the case of Valencia necessarily involves reactivating a Strategic Territorial Action (ATE) and the construction of a field stopped 12 years ago.
According to the SER, this week there will be important developments at the political and administrative level in everything related to the ATE. At the moment there is still no communication between Valencia and the institutions to explain what they are going to do with the money and commit to writing, so the ATE process has to continue on its way and the deadline is the 20th of August.
However, since last Friday the Valencia works on a detailed plan in terms of dates and figures to resume the works, once the agreement of The league. The reality is that there is an active predisposition for this loan to be the solution to tackle the construction of the new stadium.