Feb.11 (GMM) Organisers of the inaugural European grand prix at Valencia will make available 112,700 tickets for the August street race.

The Spanish sports newspaper Marca reports that the tickets, which if all sold will make the event one of the best attended in formula one, will become available at the end of February.

Vicente Rambla, a spokesman for the Valencia regional government, said construction of the circuit near the city's port is proceeding well.

He said the works are "going so well that in some parts we are ahead of schedule".