A public inquiry will be held in March to discuss plans to de-register common land located within the Circuit of Wales development.

It is described as the 'final hurdle in a lengthy planning process' with a successful outcome allowing construction work to begin.

The Circuit of Wales already has a five year (plus further five-year option) to promote the British MotoGP round, with Donington Park stepping in to host the 2015 event.

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"The planning process is a lengthy one and we will continue to work with the planning body to ensure on-site works start as soon as possible in 2015," said Michael Carrick, Chief Executive of the Circuit of Wales.

"We are still aiming to have phase one site-wide and circuit infrastructure ready to host MotoGP when completed.

"This is a hugely important development, not just for the regeneration of Blaenau Gwent, but also for the UK economy. It's critical that we ensure every detail is considered in the planning process before construction works can commence."

The 3.5-mile MotoGP circuit is at the heart of the proposed 830-acre motorsport complex, described as 'a flagship for the regeneration of the Blaenau Gwent area'. The project includes a focus on youth employment, education, academy structures and an investment in motorsport, one of the UK's key industrial sectors.

A public-private partnership programme - involving the Welsh Government, local authorities, universities and industry partners - plans to invest a total of approximately ?315m in the design, build, nance and operation of the facility.