Plans for the world's first floating city are closer to being put into motion than you might think, the Daily Mirror reports.

The Seasteading Institute have spent five years researching the concept of permanent floating communities living in international waters, with the publication reporting that the government of the French Polynesia have signed an agreement with a U.S. company to start construction in 2019.

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Director of the project Randolph Hencken says that while the first floating city will be built in Polynesian water, the company hope its the basis for a new kind of society. He commented:

"We were looking for sheltered waters – we don't want to be out in the open ocean – it's technologically possible but economically outrageous to afford. 'If we can be behind a reef break, then we can design floating platforms that are sufficient for those waters at an affordable cost.

"What we're interested in is societal choice and having a location where we can try things that haven't been tried before. I don't think it will be that dramatically radical in the first renditions.

"But I imagine it has the opportunity to have different ways of voting for how things are run off the island instead of using the same systems that our great great-grandparents have given us that seem to have failed in so many first-world nations."

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What's more, the plans for the floating city look INCREDIBLE. From the above YouTube video, it looks like a web of connecting blocks of flats and offices will be positioned in the sea, within a protected community.

From: Cosmopolitan UK