INTEGRATED TERRITORIAL INVESTMENTS AS A TOOL FOR SUSTAINABLE URBAN DEVELOPMENT. THE CASE OF PIRAEUS MUNICIPALITY

Vassiliki Delitheou () and Stavroula Georgakopoulou ()
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Vassiliki Delitheou: Panteion University, Syngrou 36, GR-Athens 17671, Greece
Stavroula Georgakopoulou: Panteion University, Syngrou 36, GR-Athens 17671, Greece

Theoretical and Empirical Researches in Urban Management, 2019, vol. 14, issue 3, 22-40

Abstract: Urban regions are the driving forces of Europe’s economic development, they are centres of creativity and innovation and also, they are the factor of the achievement of Europe 2020 strategy. During 2014 – 2020 programming period, urban dimension was at the centre of Cohesion Policy. New European Union’s (E.U.) policy seeks to cultivate complete urban policies that enhance Sustainable Urban Development (S.U.D.) in order to enhance cities’ ability of adjustment and ensure investments. According to Partnership Agreement (P.A.) 2014 – 2020, S.U.D. is a new tool for territorial development which aims to provide a way out of the social, economic and environmental problems of the degraded urban regions and an alternative answer to the consequences of crisis. S.U.D. may be implemented either through Integrated Territorial Investments (I.T.I.) or through local development after initiative of local communities. I.T.I.s are the tool for planning and implementation of complete territorial strategies and they may be financed from European Social Fund (E.S.F.), European Regional Development Fund (E.R.D.F.) and Cohesion Fund. The competent bodies that take over the preparation and implementation of I.T.I. are the managing authorities, urban authorities, intermediate bodies, and the Strategic Planning and Evaluation Special Service. This Study analyses the current situation of Piraeus municipality and I.T.I.s’ strategy for S.U.D. that will be implemented in the municipality. Piraeus municipality is the greatest industrial centre in Greece and it has the largest port in Europe. However local authorities so far have not managed to highlight and exploit the comparative advantages available to the municipality. I.T.I.s aim to enhance entrepreneurship and social cohesion, improve financial situation and protect the already burdened environment. The statistical survey was based on the construction of a questionnaire addressed to 116 employees of the municipality of Piraeus. The correlation between the S.U.D. of Piraeus municipality and the socio-demographic factors was investigated through multi-factorial linear regression models, checking for possible confusing factors.

Keywords: sustainable development; investments; Greece (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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