How is land reclamation regulated in Monaco?

Land reclamation in Monaco is now tightly regulated, and Mareterra’s developers said they took various steps to “minimize the impact on the natural ecosystem as much as possible.” The project’s website says planners consulted marine experts and created new habitats for fish, including artificial seagrass beds.

How much does Monaco's new luxury development cost?

Inaugurated by Monaco’s Prince Albert II on Wednesday, the €2 billion ($2.1 billion) luxury development features a marina, seaside promenade and swathes of new high-end housing. Le Renzo, a residential development designed by the celebrated architect Renzo Piano.

What's new in Monaco's 'eco-district 'mareterra'?

New “eco-district” Mareterra, which has been built into the Mediterranean Sea, expands the microstate’s land mass by almost 15 acres. Inaugurated by Monaco’s Prince Albert II on Wednesday, the €2 billion ($2.1 billion) luxury development features a marina, seaside promenade and swathes of new high-end housing.

Does Monaco have a reclaimed land?

Land is notoriously scarce in Monaco, which has a long history of building into the sea. Reclaimed land now accounts for more than a quarter of the principality’s territory. The most significant reclamation projects took place in the 1960s and 1970s, when the Larvotto and Fontvieille districts were expanded into the Mediterranean.