Target: PPP

The disorganized state of regulations governing the public-private partnership (the "PPP") model in Turkey and certain shortcomings of the main law regulating the BOT projects, Law No. 3996 on Realization of Certain Investments and Services under the Build-Operate-Transfer Model (the "BOT Law"), has given rise to the need for addressing models of such cooperation between public and private sectors by means of a framework law. Thus, the Prime Ministry's State Planning Organization (the "SPO") has prepared a Draft Law on Realization of Certain Investments and Services through Public-Private Party Cooperation Models (the "Draft PPP Law") and submitted it to the relevant public entities for their review. Following the comments rendered by the relevant public entities, the SPO is now ready to submit the Draft PPP Law to the Parliament for its review and enactment.