DRAFT ON PRIVATIZATION OF TURKEY’S HIGHWAYS PROPOSED

A draft code on the privatization of Istanbul’s two bridges and part of its highways has been presented to the Parliament.The draft proposes an amendment on the Highways Code to enable the establishment of a legal corporation to pave the way for public offering as a privatization method. Finance minister said in March that the new privatization method would be founding a company and public offering for highways and bridges.Also, one of the drafts proposes the privatization of horse racing which is regulated by the Ministry of Agriculture.