It´s the Marino Lejarreta velodrome in Berriz, a tiny village near Bilbao (north of Spain).
http://maps.google.es/maps?saddr=Learreta-Markina+Kalea&hl=es&ll=43.173264,-2.57958&spn=0.001563,0.002411&sll=43.173207,-2.580078&sspn=0.012503,0.01929&geocode=FVfFkgIdkqHY_w&t=h&mra=ltm&z=19
@madman started
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It´s the Marino Lejarreta velodrome in Berriz, a tiny village near Bilbao (north of Spain).
http://maps.google.es/maps?saddr=Learreta-Markina+Kalea&hl=es&ll=43.173264,-2.57958&spn=0.001563,0.002411&sll=43.173207,-2.580078&sspn=0.012503,0.01929&geocode=FVfFkgIdkqHY_w&t=h&mra=ltm&z=19