The futuristic lunar settlement would not only attract scientists and explorers but tourists as well.
Presented by ESA director general Johann-Dietrich Worner, the ambitious moon base would be constructed by robots from the natural resources available on the moon's surface.
Located at one of the moon's polar regions, the settlement would take advantage of international cooperation by combining the technologies and skills of several different space agencies.
Providing opportunities for everything from space tourism to lunar mining, the base would also act as a stepping stone for even more ambitious space missions and construction projects in the future.
A new ESA video detailing Worner's plans for the lunar village can be viewed below.