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Bouygues Travaux Publics is starting work on the first phase of a scheme to create six hectares of reclaimed land for Monaco.
The work is for the Portier Cove land reclamation project, which is being led by SAM Anse du Portier. Total value of the maritime infrastructure works is approximately €1bn (£853 million). Facilities to be built on the reclamation include a neighbourhood with 60,000 square metres of housing, public facilities, an extension to the Grimaldi Forum, a public car park, a marina with pedestrian wharves, a landscaped park, a seafront promenade and a planted walkway running the length of the Japanese Garden.
The construction technique to be used for the maritime infrastructure is a fill enclosed by a band of 18 trapezoid reinforced concrete caissons, 26m tall and weighing 10,000 tonnes each, equipped with absorption chambers. The precast units will help reduce breaches caused by strong swells and protect the exposed areas of the project.
Bouygues Construction chairman and chief executive Philippe Bonnave said: “We are very pleased to have the opportunity to take part in the development of the Principality of Monaco by way of this new land reclamation project which will create six hectares of habitable space, meeting the highest ambitions with respect to sustainable development and environmental protection.” (Source: theconstructionindex.co.uk)
IMSEE’s report on the business climate of Monaco in June shows a certain stabilisation despite overall low levels of trade.
The International Contemporary Art Fair coming up in late August will be the first major cultural event to be held since the beginning of the health crisis.
Barclays has appointed Jean-Christophe Gerard as CEO, Barclays Private Bank with immediate effect, subject to regulatory approval.
Since 20th July, the Department of Urban Amenities has been offering a free shuttle service for residents living around the Grand Ida construction site.
The Commission, under the chairmanship of the Minister of State, is composed of 13 members. Created in February 2010 by the Prince's Government, it responds to the wish of HSH the Sovereign Prince to preserve in the Principality the intellectual wealth of its youth and also to facilitate the return of expatriate graduates to Monaco.
The executive unit's mission is to support young Monegasque and resident graduates by promoting the establishment of bridges, and by establishing privileged contacts with companies to facilitate their access to skilled jobs, particularly in the private sector.
Minister of Health and Social Affairs, Didier Gamerdinger reminded those present that the integration of young graduates is at the heart of the concerns of the Prince's Government.
Since the creation of the Commission, a total of more than one thousand young graduates have been interviewed in order to be able, at the end of their training, to benefit from support to find a first job, while 236 graduates, including 123 of Monegasque nationality, found a position in Monaco corresponding to their qualifications. Twenty-one expatriates have successfully benefited from this support.
These meetings have allowed for more than seven years of discussions which have helped to highlight some of the obstacles and have resulted in more personalised support, the increased awareness of business leaders and a better knowledge of the employment-generating sectors in the Principality.