Euroméditerranée is an urban renewal project underway in Marseille to create a business district in the district of La Joliette.The project was launched in 1995 with the initiative of Robert Vigouroux, former Mayor of Marseille, and the State. The agreement for the establishment of a public agency of development was signed in 1994, working on an area of 310 hectares. Since 2007, "Euroméditerranée Act 2" extended the scope to 170 more hectares. This project is funded by the European Union, the State, the Regional Council, the Departemental Council, the urban community and the City of Marseille.Among the achievements of Euroméditerranée figure: the Docks renovation into offices, the renovation of the silo into a theater, the renovation of the Rue de la République, the construction of the CMA-CGM tower (33 floors, 147m tall). The budget of the project amounts to €7 billion investment, of which €5 billion of private investment.
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