Private Participation In Turkish Highway Sector

Background:

The privatization program in Turkey was initiated in 1983. In 1984, the first related regulation (Law No: 2983) and in 1986 (Law No: 3291) was enacted. Within the perspective of the provisions of Law No: 3291, the Council of Ministers was authorized to give decision on the transfer of SOE's (State Owned Enterprises) to the PPA (Public Participation Administration) and the High Planning Council was authorized to decide the transfer of partially state owned companies and subsidiaries to the PPA for privatization. In 1992, with the Statutory Decree No: 473, PPHC (Public Participation High Council) was authorized to approve privatization transactions.

Upon formation of a political and social consensus on the needs for privatization, the new privatization law has been enacted on 27 November 1994 with the new Law No: 4046. This new Law contains the provisions related to;