Newsletter-21

113 PUBLIC PRIVATE PARTNERSHIP (PPP) to terminate the contract without informing the financiers in order to enhance the finance ability of the projects. Conclusion In accordance with the Public-Private-Partnership in Infrastruc- ture Resource Center, “ a government may decide to enact a PPP law or a concession law for a number of reasons, such as to give priority to a process of developing, procuring and reviewing PPP projects that will take priority over sector laws, or to establish a clear institutional framework for developing, procuring and implementing PPPs. PPP laws can also be used to close gaps in the laws of a host country may need to allow for successful infrastructure PPP projects, such as enabling the grant of step-in rights to lenders and requiring open and fair procurement processes. These modifications may be embodied in sector-specific law, or in the case of procurement, a procurement or competition law, or the can be included in a general concession or PPP law .” 1 Ecuador appears to be trying to establish an institutional framework for the PPP in general; however, Turkey seems to applying PPP’s on the sectorial level. 1 Public Private Partnerships Law Concession law; ‹ https://ppp.worldbank.org/ public-private-partnership/legislation-regulation/laws/ppp-and-concession- laws#examples› date of access 25/07/2016.