Amendments To The Law On Public Private Partnership

Introduction

The goal of the public private partnership ("PPP") model is the procurement of public infrastructure investments, and the provision of long-term maintenance, operation and construction services, through a contractual relationship, which establishes a partnership between the private and public sectors. As stated in the legislative justification¹ of the draft Law on the Amendment to Certain Laws and Decrees, submitted to the Turkish Grand National Assembly and later promulgated as Law No. 6527 ("Law No. 6527"), the structure of PPP model is ever-changing. In order to efficiently realize and implement the projects in the current evolving market conditions, and to provide flexibility for the contractual basis of projects, an amendment of the law was necessary.