The GMB will be the waterfront's first major addition, although two impressive improvements to Bilbao's urban environment have already been made a lovely pedestrian bridge by Calatrava and one line of Foster's masterfully designed subway. The conference-and-con cert hall is scheduled to open in summer 1998, and the new airport in 1999, Most of the other renewal projects have been subject to frequently shifting deadlines now postponed to the first 10 to 20 years of the next millennium. Indeed, planners may have bitten off more than they could chew. Much of the redevelopment's financing has yet to be secured (funding sources include the Basque regional and Biscay provincial governments the Spanish state, the European Community and local and private investors). Among the projects in trouble are much needed transportation links upon which the success of the GMB and other projects heavily rely. The central transport hub is suspended indefinitely (although 12 billion pesetas [$9.2 million ] have already been spent Seven billion pesetas ($53 million) are still needed to finish the partially completed metro. And the long-awaited Y Vasca, a high-speed train which would connect Bilbao to Madrid and to the French rail net. work, has been repeatedly postponed.