An ICSID court condemns Peru to compensate ACS and FCC for cost overruns and damages in the Lima metro

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ACS, FCC and their partners have won the first arbitration filed against Peru over differences over the construction of line 2 of the Lima metro. The three judges of the court of the International Center for Settlement of Investment Disputes (ICSID), an arbitration body under the World Bank, made their decision this week. In it, they condemn Peru to pay extra costs and damages for the construction of infrastructure. The consortium, the Lima Metr…