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ARTICLE · 06 MAY 2014

Treasury Guaranty For Large Scale Projects In Turkey

Herdem Attorneys at Law
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The Treasury may provide guaranty for PPP projects over the limits that have been determined by the Regulation.

TurkeyGovernment, Public Sector
Safak Herdem
Safak Herdem
Zuhal Uysal
Zuhal Uysal
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According to the New Regulation on Undertaking of Liabilities by the Undersecretariat of Treasury ("Regulation"), which has entered into force on 19.04.2014, the Treasury may provide guaranty for public private partnership ("PPP") projects over the limits that have been determined by the Regulation. This Regulation is based on the Law on the Regulation of Public Financing and Debt Management which sets the terms and conditions of Treasury's guaranty for public private partnership projects and enactment of a concerning regulation. Accordingly, the build - operate and transfer projects of the administrations with a minimum amount of TL 1,0 billion and the build - lease and transfer projects of the Ministry of Health and Ministry of Education with a minimum amount of TL 500,0 million may be guaranteed by assumption of debt in the event that the agreements regarding these projects are terminated before their expiration date and the facilities are taken over by the related

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