KM3NeT is a future research infrastructure in the Mediterranean Sea, hosting a cubic-kilometre scale neutrino telescope and nodes for associated sciences such as marine biology, oceanology and geophysics. The status of the KM3NeT project and the progress made in the EU-funded Design Study is reviewed. Some physics studies indicating the sensitivity of the KM3NeT neutrino telescope are highlighted and selected major technical design options to be further pursued are described. Finally, the remaining steps towards construction of KM3NeT will be discussed. This document reflects the status of the KM3NeT Conceptual Design Report (CDR), which has been presented to the public for the first time at the VLVnT08 Workshop.