Radical plan for $12 billion floating terayacht city, named Pangeos

Billed as double the size of the Roman Colosseum, plans have been made of a uber luxurious terayacht complete with beach clubs, parks and shopping centres.

An Italian architect has created ambition plans for a Turtle-shaped terayacht that would cost

£6.8 billion (A$11.93 billion) to create.

Dubbed Pangeos, the terayacht gets its name from the supercontinent Pangea which dates back to the late Palaeozoic and early Mesozoic eras roughly 335 to 200 million years ago.

The turtle shaped terayacht is its own floating island. Picture: Pierpaolo Lazzarini.

Helmed by the Italian design studio Lazzarini, the creation would be twice the size of the Roman Colosseum and have capacity to accommodate up to 60,000 people.

On board, guests would have access to private villas and apartments, as well as several hotels, parks, beach clubs, resorts and shopping centres. There would also be built-in access to ship and aircraft ports too.

What life would look like aboard the Pangeos. Picture: Lazzarini Design Studio.

Villas and apartments would line the wings of the vessels. Picture: Lazzarini Design Studio.

Biggest floating structure ever built

The structure itself would be 550m by 610m and would become the world biggest floating structure ever built.

Construction for the vessel would require its own custom-made shipyard, which would be located in Saudi Arabia. The actual build, however, would be expected to take around eight years.

The head of Lazzarini, Pierpaolo Lazzarini, said the structure has also been imagined with sustainability and green energy in mind.

The build would require it’s own custom-made shipyard. Picture: Lazzarini Design Studio.

“Pushed from a jet drive transmission, the tera-structure will be able to cruise at a speed of five knots (equivalent of 9.26km per hour),” Mr Lazzarini said.

“While sailing, the large wings will gain energy from the breaking of the waves and Pangeos will cruise perpetually without emissions around the planet Earth’s seas. Further, the rooftop area is lined with solar panels, which provide part of the necessary clean energy to power the terayacht.”

The terayacht would take eight years to build. Picture: Lazzarini Design Studio.

In order to fund the build, spaces on Pangeos are also available for sale via a NFT crowd-funding campaign.

“Users will be able to collect certain content and access the virtual properties with their credentials,” said Mr Lazzarini.

Currently, the biggest floating structure is the Prelude offshore natural gas facility, which is roughly the size of four soccer fields.

The floating liquefied natural gas platform owned by multinational oil and gas company Shell sits off Australia’s northwest coast and has a life expectancy of at least 50 years.