IN MONACO TO CREATE ARTIFICIAL PENINSULA
The tiny principality of Monaco wants to expand its territory, this is an artificial peninsula in the Mediterranean Sea. Monarch of the state, the ruling Prince of Monaco Albert II said about it on Friday.
Prince reports that since 2008, considered various options for improving the state. 4 years ago Albert II had to abandon the project for the reclamation of twelve acres of new land that can provide housing for about three thousand people, the reason is the global financial crisis and the fierce pressure of various organizations for the protection of nature.
Despite the modest area (about two square kilometers), the Principality of Monaco is like a magnet attracts a huge number of rich people from all over the world, as there are plenty of luxury casinos and there is no income tax for individuals.
New peninsula that will create using reclaimed technology, increase the territory of the principality somewhere in the 3% - with an area of about six hectares.
