From Tuesday, October 16th to Monday, October 22nd, 2018
The Metropolitan Municipality of Lima reported that it is evaluating the termination of the concession agreement for the "Linea Amarilla" road project
The governmental entity announced that it is willing to terminate the concession agreement for the "Línea Amarilla" road project signed with Lamsac if the latter insists on maintaining the increase in tolls on the roads it manages.
From Sunday 21, the value of the toll in the concessioned road increased in PEN 0.40 for light vehicles and for heavy vehicles, the toll was established at PEN 5.70 per axis.
The general attorney of the municipality, Ricardo Rodriguez, explained that the entity has taken different actions after knowing the increase in tolls, the first being the requirement made to the concessionaire to immediately refrain from making the increase effective. The increase made is subject to an arbitration process and would constitute an arbitrary action by the private company.
If the decision to increase the tolls continues, the Municipality of Lima will be authorized to apply the sanction measures to Lamsac within the framework of the concession agreement, among which are contractual penalties and the expiration and unilateral termination of the agreement.
On the other hand, Lamsac reported that the readjustment to the toll rate is an act foreseen in the concession agreement and that it is not arbitrary, contrary to what is indicated by the municipality. The purpose of this readjustment would be the collection of more resources for the maintenance of works, infrastructure and the realization of new investments.