The Riviera principality of Monaco is set to borrow six hectares from the sea in order to build luxury apartments.
Monaco, the sovereign city state in southern France on the Riviera, will play host to a huge new building project that will see an extra six hectares added to the seafront.

With limits on how the city can spread and with space at a premium, authorities have decided to build outwards into the Mediterranean Sea.

This I’m sure will be big news for those in Monaco, one of the most densely populated places in the world with 38,000 people over 2 square kilometres.

The area will feature several luxury apartment blocks, a one hectare park, 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.

The project is estimated to come in at a cost of €1 billion, and will be led by Bouygues Construction.

Philippe Bonnave, Bouygues Construction chief executive said:

“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.”