Overview
- A partial arbitral award dated June 12, 2026 and publicized in late September found by majority that the Municipalidad Metropolitana de Lima’s January 2023 unilateral termination of the Rutas de Lima concession had no effect under the contract or Peruvian law.
- The tribunal ordered the municipality to reimburse US$724,099.28 for 50% of arbitration costs and ruled that each party must bear its own legal fees.
- The panel recognized that the municipality partially failed to deliver the Ramiro Prialé land on time and granted Rutas de Lima a right to partial indemnity, but the amount will be fixed in a subsequent quantification phase of the arbitration.
- The municipal government publicly rejected the partial award, said it has filed a nullity petition before a 'Corte Americana', and stressed it prevailed on three of Rutas de Lima’s five claims while noting the US$40 million guarantee was executed.
- This dispute adds to prior arbitral rulings and a separate Brookfield investor claim, and the next steps—nullity litigation and the indemnity-quantification phase—will determine the final financial burden on Lima and possible impacts on municipal budgets and services.