When the space on the mainland runs out and all that remains is the sea, what can you do? In Monte Carlo, nobody gives up. Rather, one calls the world-famous Italian architect Renzo Piano and commissions the construction on a six-hectare island of a super complex of luxury palaces, but perhaps also commercial spaces and a museum for a total cost of between two and three billion euro and which promises to earn perhaps even double the expenditure incurred in the long term: the apartments will be sold at a price that varies from 50 to 100 thousand euros per square metre, depending on the location and finishing. The final delivery of the Piano and Valode & Pistre project is expected for 2025.
The start of the works, as reported by various newspapers, started last week when the coasts of the Principality of Monaco saw an exorbitantly sized block of concrete appear - 27 meters high and weighing 10 tons - dragged by a tug from Marseille. Another seventeen are expected to mark the boundaries of the marine area in which to work and create a protective dam.
Christophe Hirsinger, managing director of the French giant "Bouygues Construction" announced that "the underwater structure is half completed" and once the base is completed, it will be possible to build: they will be used 600 thousand tons of sand from Sicily and which will make up an embankment thirty meters high.
Prince Albert is enthusiastic about the project and reportedly very attentive to the environmental impact of the work. And he assures that it will be an "eco-district" in which marine flora and fauna will be duly protected.
Sixty thousand square meters of homes, a skyscraper, a one-hectare park, three thousand square meters of shops and a car park will form the core of the small sustainable island off the coast of the Principality and, for an average sales level of 80 euros per square metre, a contribution from the state of 400 million and a return in VAT and taxes of 750 million, promise to further enrich the already wealthy Monegasque citizens.
