It is the first time the tournament will have been held across Europe, and it is being done in order to celebrate the 60th anniversary of the European Championships.
The FAW has put forward a strong bid, which has been backed by Real Madrid forward, and Wales international, Gareth Bale.
“This could be the beginning of a great period for Welsh international football,” said Bale. “I believe we have a real opportunity of qualifying for the 2016 European Championship Finals in France. It would then be an unbelievable experience to play in the 2020 European Championship finals in my home city of Cardiff.
“I have been fortunate to play in some of the world’s greatest stadia but nothing matches the atmosphere and passion generated by the Millennium Stadium. These are exciting times for Welsh football and I’m really proud to offer my full support to the FAW’s UEFA EURO 2020 bid.”
Jonathan Ford, Chief Executive of the FAW, added.
“The FAW is thrilled to submit its UEFA EURO 2020 bid and we believe that we have a strong and compelling proposition,” said Ford. “The Millennium Stadium, with a capacity of almost 75,000 as well as 100 hospitality boxes, would generate a significant financial contribution for UEFA.
“In terms of transport, our bid is supported by both Cardiff and Bristol airports who have signed service level agreements outlining their delivery of UEFA’s EURO 2020 tournament requirements. Both airports are able to operate 24 hours a day and are easily accessible from Cardiff city centre.
This legacy fund will be used to support grass roots Welsh football and will have a positive impact on communities throughout Wales.
“By 2020, rail links to London will be down to just 90-minutes and when you also consider Birmingham, the FAW is able to offer four international airports within two hours of Cardiff, thus providing UEFA and all UEFA EURO 2020 spectators with multiple airport options to choose from.
“All UEFA EURO 2020 ticket holders will also benefit from free travel on buses and trains including the transport connections linking Cardiff city centre with both Cardiff and Bristol airports. We have a strong accommodation plan with the majority of UEFA’s own accommodation requirements located within walking distance of the Millennium Stadium.
“Through working with our numerous accommodation partners, the FAW is also able to offer UEFA EURO 2020 spectators with a choice of 41,000 beds, all located within an hour of Cardiff and in locations covered by the FAW’s free travel offer.
“In order to help ensure a lasting positive impact from hosting this prestigious tournament, the FAW will create a UEFA EURO 2020 Legacy Fund, into which the FAW will reinvest the surplus it generates from staging UEFA EURO 2020. This legacy fund will be used to support grass roots Welsh football and will have a positive impact on communities throughout Wales.”