Abstract
The research analyzed the theoretical and methodological background of urban megaprojects (UMPs) as an instrument of urban planning and development, with specific reference to the Belgrade Waterfront Project (BWP). In the analysis, we combined a contextually appropriate approach, some elements of the phronetic planning approach and the benchmarking analysis of megaproject planning and development. BWP induced a change of the institutional framework (introduction of specific legal and policy instruments), as a key source of future changes in the metropolitan tissue. Preliminary impact assessment of the BWP indicates: slow development and economic effects, low transparency, social inequalities, marginal social mobilization and weak networks between the key actors, public funds overuse, impact on law-making, displacement impacts, high public financial risk, deep urban transformations, environmental impacts, medium-technological modernization, etc. This research highlights the differences in the political, institutional, social and economic environment that shape the BWP. It provides recommendations for future research and application, improvement of planning approach and continuing in-depth analysis for managing the undesirable consequences of the UMPs, including the determination of the interplay between different pools of power.
Highlights
Megaprojects are considered as large-scale capital investments, single or multipurpose
The issues of high risks and uncertainty, cost underestimation and overruns, low public informing, lack of transparency, social and environmental impacts remain similar in countries with different institutional systems and level of economic development
After presenting the theoretical background related to urban planning and governance of megaprojects and highlighting their role and common features, the research will focus on the experience of Belgrade Waterfront Project (BWP)
Summary
Megaprojects are considered as large-scale capital investments, single or multipurpose. They include infrastructure projects, transport projects, economic development, and urban redevelopment (including waterfront redevelopment). This research is devoted to the analysis of UMPs as an instrument in the development of postsocialist cities, which are shaped by a mix of economic interests, socio-political and institutional framework. The issues of high risks and uncertainty, cost underestimation and overruns, low public informing, lack of transparency, social and environmental impacts remain similar in countries with different institutional systems and level of economic development. In the post-socialist countries, transitional changes have created new power relations between different groups involved in urban development and increased. After presenting the theoretical background related to urban planning and governance of megaprojects and highlighting their role and common features, the research will focus on the experience of Belgrade Waterfront Project (BWP)
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