SETE calls for in­vest­ment in tourism

Kathimerini English - - Front Page -

The As­so­ci­a­tion of Greek Tourism En­ter­prises (SETE) es­ti­mates that for each euro of public in­vest­ment through Na­tional Strate­gic Ref­er­ence Frame­work (ESPA) funds, four eu­ros can be in­vested by the pri­vate sec­tor in the tourism sec­tor over the next four years, rep­re­sent­ing a five­fold in­crease. The body is urg­ing the gov­ern­ment to speed up pro­gram ac­ti­va­tion pro­ce­dures.

SETE be­lieves that to­tal in­vest­ment (public and pri­vate) in the tourism sec­tor is re­quired to reach 11.5 bil­lion eu­ros over 2015-18 which can be par­tially raised through ESPA funds to­tal­ing about 3 bil­lion eu­ros. Of this, they es­ti­mate that 1 bil­lion eu­ros should be al­lo­cated for projects on air­port, port, ma­rina and ur­ban in­fra­struc­ture. SETE be­lieves that the in­volve­ment of the pri­vate sec­tor may reach up to 80 per­cent on nec­es­sary in­vest­ments in ac­com­mo­da­tion, cater­ing, etc.

The Min­istry of Econ­omy, In­fra­struc­ture, Ship­ping and Tourism al­ready ap­pears to be ini­ti­at­ing pro­cesses in this di­rec­tion. Al­ter­nate Min­is­ter for Tourism Elena Koun­toura has com­mis­sioned a pro­ject look­ing into ESPA sup­port for the tourism in­dus­try from 2014-20 with a dead­line for de­liv­ery by the end of the year.

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