A recent debate hosted by the Monaco Matin Echo Club and the Monaco Economic Board explored the critical role of major infrastructure projects in driving Monaco’s economy…
Held at the offices of Monacotech, the session highlighted how large-scale public works align with the principality’s commitment to eco-responsibility and sustainable development.
One key insight is the economic ripple effect of state investment. Public infrastructure projects are largely contracted to Monegasque companies, ensuring that government spending directly supports the local economy. With around €800 million allocated to payment expenses for the current year alone, funded exclusively through the state budget, the principality bears significant financial responsibility. This underlines the importance of strategic planning, reliable revenue collection, and securing long-term returns on these major undertakings.
A standout example is the Mareterra eco-district, a landmark project that marries urban expansion with environmental ambition. From the successful transplantation of Posidonia seagrass to the installation of 5,000 square metres of photovoltaic panels, the district exemplifies Monaco’s capacity for innovation in sustainability. Certified under high environmental quality labels, Mareterra marks Monaco’s first true eco-neighbourhood.
Speakers emphasised that these projects do more than add infrastructure, they shape the principality’s future. With the 20th anniversary of His Serene Highness Prince Albert II’s reign approaching, the last two decades have reflected a clear vision; to position Monaco as a compact yet forward-looking capital. These projects offer not just buildings and roads, but a blueprint for sustainable progress.
Photo by Antoine Contenseau
