Monaco's land reclamation project has been suspended. According to reports, HSH Prince Albert II yesterday announced that it would be irresponsible to go ahead without sufficient environmental safeguards. In addition, the current economic climate requires much more secure guarantees for project financing, something we reported [1] would be reviewed before announcing the winning team. More details are expected to be released this morning during a government press conference.
Links:
[1] http://www.monaco-iq.com/node/157