Former Valencia region President Francisco Camps assured that holding an F1 race in Valencia "was not going to cost Valencians 1 euro," according to Salvador Enguix of LA VANGUARDIA. The facts "confirm, however, that on the contrary, organizing the race had a very elevated cost for the public coffers of the Valencian Government." In fact, "more years will pass before all the debts have been amortized." This is what Valencian Government official María José Salvador found, and "among other facts," she revealed that works carried out to host F1 in Valencia cost €98M. To finance these works, a loan of €60M ($64.8M) had to be solicited. This will be paid from '16-23, in annual payments of €7.5M ($8.1M). There were also "extra costs" of €16.5M ($17.8M). Salvador warned that documentation of this "has been sent to the District Attorney's office." She underlined her "indignation" that a company like EIGE, "whose principal function is social housing, was used for the work carried out to host F1, and the majority of those facilities are not used for anything" (LA VANGUARDIA, 12/17).
