US EditionWebuild awarded $147m compensation for Argentina project - Global Construction Review
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Webuild awarded $147m compensation for Argentina project - Global Construction Review
The government of Argentina has been ordered to pay Italy’s Webuild $147m in compensation for breach of contract over a road and bridge project completed in 2004. The 28 April decision by the International Centre for Settlement of Investment Disputes (ICSID), a World Bank body, follows a 10-year arbitration case. It started in 1998, when Argentina signed a public-private deal with Webuild, then called Salini Impregilo, to build and operate a 6…
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