DRAFT LAW TO IMPROVE BANKABILITY OF TURKISH PPP PROJECTS

A draft omnibus law was submitted to the Turkish Parliament on 1 March 2021 (the "Draft Law") which proposes amendments to a number of laws, one significant amendment being in relation to the Law on the Realisation of Certain Investments and Services within the Framework of Build-Operate-Transfer Model (Law No. 3996) (the "BOT Law"). If enacted, the Draft Law is expected to scale up the sovereign support available for Turkish Build-Operate-Transfer ("BOT") projects, by allowing the Ministry of Transport and Infrastructure (the "Ministry of Transportation") to become an additional party to debt assumption agreements to be signed in connection with certain eligible projects.