Turkey Bolsters Building Project Financing
By Yeliz Candemir, Emre Peker and Kerim Karakaya
ISTANBUL--Turkey will provide Treasury guarantees to private borrowers for the first time as it seeks to support construction companies struggling to raise financing and to realize the government's ambitious economic plans.
As part of the new government policy, which went into effect Saturday, the Treasury is allowed to take over company debt in state-auctioned infrastructure projects that cost a minimum 1 billion liras ($469 million). The minimum drops to 500 million liras for public-private partnerships in health and education investments.
More:Turkey Bolsters Building Project Financing - WSJ.com
