The City of Belgrade has adopted 150 detailed regulation plans in the past three years, which is a pre-requirement for investments, according to the main city urban planner, Milutin Folic.
Folic pointed out at the Second Serbian Property and Infrastructure Development Conference that old investors remained in Serbia, but that there were also a lot of new ones looking to start new projects in cooperation with the City of Belgrade and the Government of Serbia.
– In the past three years, the City of Belgrade has adopted 150 detailed regulation plans, a new general urban plan and new general regulation plans. Prior to this, the average number of detailed regulation plans was 10 to 20. The plans are a basis for investments in infrastructure, followed by investors' plans for making investments, which are in turn used to reinvest in the development of infrastructure and the city – Folic said to the press.
He said that the city authorities had opened the door to investors.
– We have established a new relationship with them and we are cooperating to mutual benefit. The documentation now covers 60% of Belgrade and conditions have met for investors to have an interest in building and investing. We hope that, as soon as next year, 80% of the city will be covered by documentation.
The city authorities, as he points out, are also solving the problem of illegal construction, which has so far been justified by the lack of documentation and the slow process of issuing building permits.
The director of the Belgrade Land Development Public Agency, Branislav Popovic, pointed out that the construction of 650,000 m2 and around 170,000 m2 recognized based on investors' ownership over the facilities on their own parcels had been contracted in 2016.
– The availability of the data about the area and the structure of such locations enables us to see where investments in public infrastructure are necessary, as well as what the budget funds at our disposal are. We are currently carrying out 64 big projects, and we have contracted 30 new ones, all thanks to the development of foreign and local investments – Popovic said.
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