Project Finance Transactions Under Turkish Law

The explosion seen in the use of project finance techniques all around the world in the late 1980s and 1990s, has meant people are tempted to regard the financing of projects on a limited or non-recourse basis, as a relatively novel concept. This is far from true. Indeed, there is evidence of project finance techniques being actively used by the Romans and even earlier. Project finance techniques continue to be seen in the fields of power, infrastructure, transportation and, in the last few years, telecommunications - a sector which now leads the field in growth and development. The legislative activities of many countries show clear signs that the project finance boom will continue well into this century.