The Principality of Monaco has reached a final agreement with the Cozzi Parodi group to takeover its shares in the Cala del Forte Group, which currently manages the pleasure yachting port of Ventimiglia.
Monaco, represented by the Société Monégasque Internationale Portuaire (SMIP), will now become the manager.
Work is to begin immediately, in January, increasing the number of berths available for yachts between six and 60 metres to 171, expanding car parking facilities, renovating the shipyard and building 3,800m² of commercial areas for local businesses and associations.
Other works include the rehabilitation of the sewerage network, resurfacing of nearby roads and access points, landscaping and a vertical lift link connecting the port with Ventimiglia’s old town.
Works are to be completed by summer 2018, allowing business to get back to normal in the port, while shore-based works are expected to be completed in 2019.
Ventimiglia port will also likely ease the strain felt by the principality’s two existing harbours, which are frequently full or in high demand.
Deborah Bellotti
International editions: