Brookfield Dissolves Peruvian Toll Road Unit Rutas de Lima Amid Revenue Losses and Legal Disputes
Brookfield Asset Management has announced the dissolution of its Peruvian toll road subsidiary, Rutas de Lima, citing unsustainable revenue losses. The move follows years of disputes with the city of Lima, including suspended toll collections and allegations of concession contract corruption, which Brookfield denies. The company is seeking US$2.7 billion in arbitration.