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Responding to the ever-increasing worldwide demand for yacht berths, and faced with saturation in the ports of Monaco, the SMIP (Société Monégasque Internationale Portuaire) took the prodigious decision to purchase the neighboring marina of Cala del Forte in Ventimiglia, Italy. Cala del Forte’s unique lease concession...

Works in the Marina of Cala del Forte have officially begun today, Tuesday, February 21st 2017 under the patronage of Monaco's SMIP (Société Monégasque Internationale Portuaire) SAM. [caption id="attachment_21993" align="aligncenter" width="1024"] © SMIP / Philippe Fitte[/caption] The director of the Ports of Monaco, Mr Giovanni Battista Borea...

After many months of surveying and negotiating, the SMIP (Société Monégasque Internationale Portuaire), subsidiary of Monaco’s SEPM (Société d’Exploitation des Ports de Monaco), completed the acquisition of Cala del Forte S.R.L. on December 6th 2016. In 2010, the Cozzi Parodi Group was granted an 85 year concession for the development of Cala del Forte Marina in Ventimiglia. Unfortunately, the construction has been on hold for the past 5 years. The SEPM saw a great opportunity in this project, as the Ports of Monaco wished to export its port management know-how and were eager to increase its ability to welcome yachts. This marina project has unique advantages:
  • By its position: The marina is very well sheltered in all weather conditions
  • By its location: The unique road-access, via tunnel, makes the marina particularly secure
  • By its design: The location and shape of the outer walls provide excellent shelter for the boats and allow water to circulate efficiently throughout the marina.
  • And of course, by its proximity to Monaco (8 nautical miles) which should facilitate synergies with Port Hercule and the Port of Fontvieille.
  [caption id="attachment_21773" align="aligncenter" width="1024"]Rendering of Cala del Forte Marina V2 Monaco's new Marina: Cala del forte[/caption]

A new marina for summer 2018

SMIP is making every effort to ensure that all berths and quays in Cala del Forte will be fully operational by the 2018 season. Commercial buildings, shops, and underground parking facilities shall be completed by summer 2019. Though the previous developer had carried out 40% of the works, the construction companies contracted by Monaco are taking on a substantial challenge: The works which had been put on hold for years are now resuming in February 2017, with no further delays. (Access the marina’s page). In the world of yachting, misinformation can spread fast and can at times be blatantly inaccurate. This is sometimes referred to as “Jungle Drums”. In the months preceding the acquisition of Cala del Forte by SMIP, one of the most widespread rumours on both sides of the French-Italian border was that “Monaco wished to acquire the port of Ventimiglia in order to dump rocks and fill material from Monaco’s upcoming land-reclamation project of the Portier.” This is certainly not the case:
  • With the short timeframe to complete the marina construction of Cala del Forte, using the site to build the Portier Cove (which is due in 2025) is out of the question;
  • How could the Italian authorities and the town of Ventimiglia have accepted to put Cala del Forte at the disposal of the Principality for that purpose, only to further delay the completion of the marina?;
  • The fill material for the Portier Cove are indeed going to be shipped to Monaco by sea, but not via Ventimiglia;
  • Finally, SEPM and SMIP are not involved in the construction of the land reclamation project.

On Tuesday, December 6th 2016, the Cozzi Parodi group, presided by Beatrice Parodi has sold 100% of the shares of Cala del Forte (owner of the concession in Ventimiglia (IM), Italy) to the Société Monégasque Internationale Portuaire (S.M.I.P) - a subsidiary of the Société d'Exploitation des Ports de Monaco.

The town of Ventimiglia and the Liguria region made the agreement possible thanks to the approval of a variation on the original project in order to accommodate yachts of larger dimensions and more adapted to curent demands in the yachting sector.

The new owners of Cala del Forte intend to promptly recommence construction of the marina, possibly as early as January 2017.

The port infrastructure should be fully operational for the summer of 2018, whilst the on-land infrastructure should be delivered in 2019.

The new layout shall accommodate 171 berths from 6.5m up to 60 meters, approximately 400 parking spots,  3,800m2 of commercial office space and a shipyard.

Simultaneously to the completion of the marina, a certain number of urban works will take place around the port. The works will include an upgrade of the water and waste system, paving of roads, landscaping as well as the creation of an elevator that shall link the Marina with the old town.

The Mayor of Ventimiglia, Dott. Enrico Ioculano along with the new president of Cala del Forte, Dott. Aleco Keusseoglou shall hold a press conference at the Fort Dell'Annunciata on Monday, December 12th 2016 in order to provide complementary information on the subject.

Official Press Release:

Following a purchase agreement signed on May 12th 2016 by the S.M.I.P. (Société Monégasque Internationale Portuaire S.A.M.), Monaco is set to acquire 100% of Cala del Forte S.r.L., owner of the concession in Ventimiglia (IM), Italy.
With an 80-year concession, a new layout that can accommodate yachts up to 60 meters and full management by the S.E.P.M. (Société d'Expansion des Ports de Monaco), the new marina Cala del Forte will be one of the safest and most convenient yacht marina's on the Riviera. Located at a mere 7.9 NM from Port Hercule, Cala del Forte can offer a solid investment opportunity for yacht owners. With its renowned market, great restaurants and many shops, Ventimiglia is also an ideal location to provision yachts before long charters.