Monaco wants to expand its territory into the sea
- 01.09.2016, 17:31,
- World » Society » World. Main
Principality of Monaco has started Portier Cove land reclamation project to expand its territory further into the sea by building a six-hectare (15-acre) platform, Bouygues Construction, responsible for the construction, said in a press-release on Wednesday.
The works on the maritime infrastructure will constitute the first phase of Monaco’s six-hectare offshore extension. The total value of the project estimated ˆ1 billion. “We are very pleased to have the opportunity to take part in the development of the Principality of Monaco by way of this new land reclamation project which will create six hectares of habitable space, meeting the highest ambitions with respect to sustainable development and environmental protection, ”
Chairman and Chief Executive of Bouygues Construction, Philippe Bonnave, said in a statement.
According to the statement, the project includes the construction of an eco-neighborhood primarily consisting of housing (60,000 m²), public facilities, an extension to the Grimaldi Forum, a public car park, a marina with pedestrian wharves, a landscaped park, a seafront promenade and a shaded, planted walkway running the length of the Japanese Garden.