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ARTICLE · 30 MARCH 2021

Debt Assumption For Build-Operate-Transfer Projects And Railway Transportation Supports

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The Law No. 7297 Amending Certain Other Laws ("Law No. 7297"), which was published in the Official Gazette on 20 March 2021, introduced significant changes to the Law No. 3996 Concerning the...

TurkeyTransport
Nigar Gökmen
Nigar Gökmen
Tugay Hanegelioğlu
Tugay Hanegelioğlu
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The Law No. 7297 Amending Certain Other Laws ("Law No. 7297"), which was published in the Official Gazette on 20 March 2021, introduced significant changes to the Law No. 3996 Concerning the Performance of Certain Investments and Services with the Build-Operate-Transfer Model ("Law No. 3996") and the Law No. 6461 Concerning the Liberalization of Turkish Railway Transportation ("Law No. 6461").

What Changes Does the Law No. 7297 Introduce?

1. Debt Assumption for Build-Operate-Transfer Projects

The Law No. 7297 paves the way for debt assumption for certain build-operate-transfer projects carried out by special budgeted affiliates of the Ministry of Transportation and Infrastructure ("Ministry of Transportation"). Accordingly, the Ministry of Transportation can become a party to debt assumption agreements, along with its relevant affiliates, for build-operate-transfer projects to be financed from abroad, tendered after 15 March 2020, and whose implementation

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