Overview
- Rutas de Lima announced this week it will dissolve and liquidate after years of disputes that curtailed access to roughly 60% of contracted toll revenues.
- Brookfield, which acquired about 70% of the concession in 2016, says state measures have effectively expropriated its investment, while Novonor retains a minority stake.
- A U.S. court has ordered Lima’s municipal government to pay US$200 million to the concessionaire in a separate case already decided.
- The company has filed an ICSID arbitration seeking about US$2.7 billion for alleged treaty breaches, with the international claim pending.
- Municipal actions under Mayor Rafael López Aliaga—including a toll suspension, calls to “take” the concession, and failed attempts to nullify the contract—have intensified operational uncertainty and raised warnings over Peru’s investment climate.