The Monaco Land Extension Project reached another important milestone last month – the 17th caisson was successfully immersed, completing the ‘belt’ that will form a new coastline in Monaco.
The structure, erected during the last 12 months, is 500 meters long and rests at a depth of 20 meters on a specially designed underwater hill.
The next step is backfilling of the internal surface with 400.000m³ of sand.
By the end of 2019, the Principality of Monaco will see its area increased by 6 hectares.
This new piece of Monegasque territory will host a luxury eco-district comprising 150 upscale apartments, an underground car park, a coastal promenade, a green park, public facilities, an extension of the Grimaldi Forum and an animation port.
The first delivery of the buildings is set to begin from 2022 and all the works should be completed in 2025.