Ecclestone pleased with Valencia facilities

The circuit is planning a major revamp of its layout and infrastructure to make it suitable for an F1 race - which will include construction of a new straight, wider turns and two hairpins to improve overtaking.

That work has not started yet but, following talks between Ecclestone and Valencian government officials in London earlier this year, F1's commercial boss was shown around the track at last weekend's GP2 season-opener by Francisco Camps, president of the Valencia region.

Although the visit prompted speculation that a deal is definitely on the cards for 2009, Ecclestone drew short of making any promises - although suggested a Valencia race was a possibility.

"I never say no to anything," said Ecclestone, who had never visited the Spanish track before. "Let's wait and see. What we have here is very good."

Earlier this year, Valencia's general manager Eduardo Nogues admitted that the circuit was pushing hard for an F1 race.

"We have decided to work ahead of a possible decision to include the circuit on the Formula One calendar," said the track's general manager Eduardo Nogues.

"Formula One is the benchmark for every racing facility and a dream for all the Valencian racing fans, so now it's the time to show to Ecclestone and everyone involved in F1 that Valencia wants to host a race."

Camps also accompanied Ecclestone and Renault boss Flavio Briatore on a visit to the America's Cup village in Valencia during their visit to the city.