Law & Regulation
Privatization Law
Framework for privatization of state assets, including transfer-of-operating-rights (TOOR) transactions run by the Privatization Administration for motorways, bridges and ports.
Legal Significance
What This Instrument Does
Sets the institutions (Privatization High Council, Privatization Administration) and methods for privatization, including sale, lease and the granting of operating rights over public assets.
Why It Matters
It is the vehicle for port operating-right transfers such as Mersin and for the 2026 Bosphorus bridges and motorways transaction.
Legal Framework Position
- PPP / ConcessionsSupporting / Related Instrument
Instrument Overview
- Official Citation
- Law No. 4046 on Privatization Implementations (Özelleştirme Uygulamaları Hakkında Kanun), adopted 24 November 1994, Resmî Gazete 27 November 1994, No. 22124
- Instrument Type
- Law / Act
- Source Language
- Turkish
- Enactment Date
- 24 November 1994
- Last Verified
- 1 October 2026
Official Source
View official source ↗Recent Developments
- Regulatory · 5 September 2026Presidential Decision 11750 sets 30-year operating-rights privatization of Bosphorus bridges and motorways
Presidential Decision No. 11750, published in the Resmî Gazete on 5 September 2026, expanded the privatization programme for Istanbul's two Bosphorus bridges and state motorways with further motorway groups. It provides for 30-year transfers of operating rights or other non-ownership models, to be completed by 31 December 2031.