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Rutas de Lima Enters Liquidation as Brookfield Launches Treaty Arbitration Against Peru

The concessionaire blames court‑ordered toll suspensions for wiping out most income, saying the rulings turned its equity negative.

Overview

  • Shareholders approved dissolution and liquidation on September 29 under Peru’s General Companies Law after audited accounts showed negative equity.
  • The company says toll collection was halted at 26 booths, including Chillón and Conchán, cutting more than 60% of its revenue and severely weakening finances.
  • Brookfield filed an international arbitration under the PeruCanada Free Trade Agreement, alleging arbitrary state actions and a sustained campaign led by Lima Mayor Rafael López Aliaga.
  • Rutas de Lima says it will continue to operate and maintain the concessioned roads and honor commitments to employees and suppliers during the liquidation process.
  • The investor also cites an alleged takeover of the Ramiro Prialé section and unexecuted international arbitration awards exceeding S/700 million as factors that destroyed the concession’s viability.