Brookfield Files $2.7 Billion Arbitration Against Peru Over Toll Roads

The global investment manager Brookfield, based in Canada and operating in more than 30 countries, has initiated an international arbitration against the Peruvian State. The company filed an application with ICSID on March 12, 2025.

Brookfield Files $2.7 Billion Arbitration Against Peru Over Toll Roads

Brookfield Asset Management Inc. is taking Peru to arbitration, alleging Peru has illegally expropriated a series of toll roads it operates in its capital city.

The mayor of Lima, Rafael L pesca Aliaga, argued that Per did not disburse money in favor of Brookfield regarding the arbitration recently presented to the ICSID.

Brookfield, an investment fund manager, initiated an international arbitration procedure against Peru. The application was filed with the International Center for Settlement of Investment Disputes (Ciadi), within the framework of the Free Trade Agreement between Canada and the Republic of Peru.Ben Vaughan, Global Operations Manager of the Brookfield Infrastructure Group, said: "For many years, Brookfield has invested enthusiastically in Peru, bu…

Rafael López Aliaga on Brookfield's toll lawsuit: "The state won't pay anything" | Brookfield | Rafael López Aliaga | Lima routes

Claudia Reyes, during the interview with RPP. Source: RPP The arbitration specialist, Claudia Reyes, said that the alleged "affectation" to the investments of the Brookfield fund manager in Rutas de Lima would be subject to an international expert opinion.The beginning of the arbitration procedure is to demand a restitution of more than $2.7 billion by Brookfield, considering that the Municipality of Lima and other entities have expropriated se…