Lima Mayor Gloats in Victory Over Brookfield’s Peru Toll Company

(Bloomberg) – The Mayor of Lima is winning a victory in the face of Brookfield asset administration, which resolves Peru Toll Road Company, referring to the loss and harassment by local authorities.

Mayor Rafael Lopez Aliaga said at an event in the capital on Wednesday. “These people should return to their country.”

In 2023, Lopez Aliaga was elected by promising to destroy Brookfield’s Rutas de Lima. In a high -profile tension between foreign investors and Peru’s local authorities, the company fell by 60% in revenues caused by suspending some paid collection areas.

Rutas de Lima won an international arbitration of $ 200 million against Lima, where the city refused to pay. Brookfield also demanded Peru by demanding a $ 2.7 billion damage.

Brookfield infrastructure Group Global Operating Officer Ben Vaughan said, “Rutas de Lima’s termination is a direct result of the actions of the Peru state that destroys the value of our existence without destroying any asset value regarding the rule of law.” “Peru likes to say that he has drawn foreign investments, but that the treatment of Brookfield sends the opposite message.”

Lopez Aliaga, a common conservative to look for the presidency next year, compared Brookfield with the mafia and called the paid company “Lima Rats .. The authority claims that the wages are damaged by the poor and that the contract was taken by graft by the Brazilian manufacturer Odebrecht SA, a previous auditor who remained a minority partner in the company.

In 2016, Brookfield purchased the majority stake in Rutas de Lima for $ 430 million from Odebrecht, who accepted bribes in Latin America but refused to do it wrong. The former Mayor of the privilege is currently standing for allegedly taking bribes in exchange for the mercenary roads contract. Rejects the allegations.

The closure of Lima de Rutas allows the city to cancel the privilege contract and permanently cancel the collection site if it wishes. Brookfield said it would continue to run the road until the liquidation is completed, a process that can take months.

“I feel great joy, Lope Lopez Aliaga said. “They deserve to go bankrupt.”

-Help from Odeh.

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