ARTICLE · 27 OCTOBER 2014

Regulation On Debt Assumption By Undersecreteriat Of Treasury

Gur Law Firm

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The Regulation on the Debt Assumption by the Undersecretariat of Treasury has been published, regarding the public private partnership projects to be carried out by the public administrations.

TurkeyGovernment, Public Sector

Tevfik Gur

Sena Apak

The Regulation on the Debt Assumption by the Undersecretariat of Treasury (the "Regulation") has been published in the Official Gazette, numbered 28977, dated 19 April 2014 upon the Decree (No.2014/6217) of the Council of Ministers, regarding the public private partnership projects to be carried out by the public administrations with general budget and administrations with special budgets within the framework of Law No. 3996 on Procurement of Certain Investments and Services through Build-Operate-Transfer Model, Law No. 6428 on the Construction and Renovation of Facilities and Procurement of Services through the Public Private Cooperation Model by the Ministry of Health and the Amendment of Certain Laws and Decree Laws and the Decree Law No. 652 on the Organisation and Duties of the Ministry of Education, provided that the investments values of these projects exceed certain limits.

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