The UCI has confirmed that Ponferrada, Spain, will host the 2014 Road World Championships.
Last month cycling’s world governing body gave the Spanish city 30 days to confirm it could fund the event amid the economic crisis that has gripped the country.
But it has now been confirmed that Spain will host the World Championships for a seventh time.
“I am delighted to confirm that the Ponferrada organisers have responded quickly and efficiently to our request, providing us with the financial and organisational guarantees that we required,” said UCI president Pat McQuaid.
“We can now look forward with confidence to the 2014 UCI Road World Championships in one of our traditional cycling nations.”
Spain last hosted the World Championships in 2005, when Tom Boonen won ahead of Alejandro Valverde and Anthony Geslin in a sprint finish in Madrid.