Councillors from Blaenau Gwent County Borough Council gave the Circuit of Wales project unanimous approval at a full council meeting, in line with the council planning officer’s recommendation.
The first phase will be the construction of an international specification motor racing circuit, including hotel, commercial and retail complexes. It will include a 3.5 mile track, Motocross and international karting tracks, and off-road driving facilities.
A joint venture of Spanish contractor FCC with local firm Alun Griffiths was selected as main contractor last year.
Developer of the project is the Heads of the Valleys Development Company.