An ICSID court condemns Peru to compensate ACS and FCC for cost overruns and damages in the Lima metro. The companies have two other arbitration lawsuits underway against the Peruvian State for the line 2 contract.
The figure set in the final decision, dated March 21, has not been revealed. However, the local Peruvian partner Cosapi, which has a 10% stake, describes the arbitration award as “favorable for the concessionaire company’s” The company Metro de Lima Línea 2 has filed two other lawsuits against Peru that are still ongoing.