Last major step to relaunch construction at the Nou Mestalla site has been made – declared Manuel Llorente, president of Valencia CF. This time it wasn’t about bank support, but public one.

In a quote for Valencia CF’s official website president Manuel Llorente announced work is to resume at Nou Mestalla in the near future. Last step was supposedly made when the construction site was integrated into “Valencia Dinamiza” public funding project, meaning financial subsidy is to be granted.

Llorente also stressed that the club will continue to work with Bankia’s daughter-company Newcoval on the private part of project funding. He did not refer to Bankia’s dramatic situation.

No time frame for the construction is known at this moment. Previously work was to restart in “early 2012”.