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Peru says will not compensate Odebrecht after ending contract
January 2, 2017 / 9:34 PM / 10 months ago

Peru says will not compensate Odebrecht after ending contract

LIMA, Jan 23 (Reuters) - The government of Peru said Monday that it will not compensate an Odebrecht-led consortium for investments made in a natural gas pipeline project after rescinding its contract over a missed financing deadline.

Energy and Mines Minister Gonzalo Tamayo said that a new builder and operator of the pipeline project may buy the project’s assets in a public auction that the government will aim to schedule as soon as possible. (Reporting By Mitra Taj; Editing by Chizu Nomiyama)

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