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The future face of Monaco

The project has provisioned for 10 private villas as well as apartments and smaller homes. Copyright Valode & Pistre It’s a two billion euro project that will forever change the topography of the Principality of Monaco. 60,000m² of new land is to be added to its borders as the nation seeks to find a solution to the growing needs of a demanding population. Riviera Insider met with the director of the government’s Urbanisation en Mer branch, Jean-Luc Nguyen, to learn more about the project and its impact on the environmental and social landscape.

With more than 38,000 people living in a country barely larger than the Vatican City, making it the most densely populated nation in the world, Monaco has been forced to look again to the sea for an answer to its housing crisis some four decades after its last land extension project. Now focusing on the eastern side of the principality, the Monegasque government gave Bouygues Construction a mandate to build a six hectare development in the waters off the Grimaldi Forum and Avenue Princesse Grace at the end of last year, and work has begun in earnest.

 

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