If Zapatero has pledged the Spanish government's full support of the America's Cup, his election have undoubtedly weaken the close ties between Valencia and Madrid.

The first participation of socialist representatives (leaded by Minister of Public Administration, Jordi Sevilla) in Valencia 2007, the Committee that is charged with setting up the infrastructures, has just took place and the result is quite effecting.

The government agrees to participate in the €600 million program for ACM and the infrastructures, but the other investments (€1000 million, in particular in renewing the city) will lead to intensive debates.

It was announced that the Spanish Credit Organization ICO would offer Valencia an immediate credit of €110 million but, despite this, the meeting broke up without any clear direction as to how the event is to be financed.

Meanwhile, another important decision the committee made was to cancel the tender procedure for the 800-metre canal connecting the Port directly to the sea.

In order to withdraw the planned prolongation of the motorway network (with this decision, Jordi Sevilla expects to save €80 million and 8 months*) it's said but the environnemental questions is certainly important.

About the construction, the Spanish Government said that "all the possible options are considered to find the least harmful solution".