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After months of detailed negotiation, an agreement was reached on Tuesday, December 6, whereby Monaco’s port authority will operate the marina at Ventimiglia.
The Cozzi Parodi Group, chaired by Mrs Béatrice Parodi, has concluded the agreement with the Principality of Monaco, through which the Monegasque International Port Corporation (SMIP), a subsidiary of the Monaco Port Authority, will acquire the shares of the company Cala del Forte, holder of the concession of the Marina of Ventimiglia.
Before this agreement, the ambitious project had been on hold for several years due to a lack of funding.
The municipality of Ventimiglia and the Ligurian Region made this agreement possible through the approval of a new version of the original project that will allow the use of the harbour for larger pleasure boats better adapted to the current yachting market.
The new owners of Cala Del Forte intend to resume work as soon as possible, if possible as early as January 2017. The maritime work is expected to be completed by the summer of 2018, allowing for harbour operations to start, and shore facilities are expected to be completed by 2019.
Eventually, the port complex will include 171 berths for vessels from 6 metres to 60 metres, approximately 400 parking spaces, a shipyard and 3,800 square metres of commercial premises.
A number of major works will be carried out in the vicinity of the port, to include rehabilitation of the sewerage network, resurfacing of the roadway, landscaping, and a vertical lift link connecting the port with Old Ventimiglia.
The Mayor of Ventimiglia, Mr Enrico Ioculano, and the new President of Cala Del Forte, Mr Aleco Keusseoglou, will give a first press conference in Italy next week, during which further information will be provided on the project. This meeting will take place on December 12 at 2 pm at the Annunciata Fort in Old Ventimiglia.
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Masks will no longer be mandatory in Monaco from Saturday, with the exception of a few tourist hotspots like Casino Square.