Overview
- Peru’s judiciary ordered Rutas de Lima to stop collecting tolls at the Villa and Punta Negra stations, and the company says it has lost practically all revenue since November 5.
- After a November 19 meeting with city officials, the company offered an “ordered and peaceful” transfer of the concession if the suspension persists, while maintaining its legal challenge to reverse the measure.
- Lima’s municipality says there is no legal basis for such a handover and that the contract remains in force, adding it would take over administration only if the concession is abandoned and accusing the firm of bad faith while citing more than US$1 billion in past profits.
- Rutas de Lima appealed the ruling on October 31, has notified central government bodies to safeguard service continuity, reports no response so far, and says it and its shareholders reserve all legal rights.
- Separate coverage notes a New York court authorized Peruvian authorities to trace financial operations linked to Rutas de Lima, introducing an international dimension to the dispute.