Work started on Tuesday, just two months after the acquisition by the Principality, of the concession of the marina of Ventimiglia.
On this first day of work, the Mayor of Ventimiglia, Mr Enrico Ioculano, stated his satisfaction with the operation, which will allow Ventimiglia to be associated with the image of Monaco. The site had remained idle and undeveloped for several years.
Mr Gianbattista Borea d’Olmo, Director General of the Société d’Exploitation des Ports de Monaco, explained the different stages of the proposed work to the local media. He said that the port complex will consist of 171 berths from 6m to 60m, around 400 parking spaces, a shipyard and 3,800 square metres of commercial premises.
Delivery of the complex is planned for 2019 and the work will cost €50 million, with the project being brought to fruition through the Société Monégasque Internationale Portuaire (SMIP), a subsidiary of the Société d’Exploitation des Ports de Monaco.