Paruvian road concession package cancelled

The concession package for Peru’s Vía Expresa Sur road project is being cancelled. The deal was originally awarded to the Peruvian company, Grana y Montero (GyM). However the involvement of Brazilian firm 1305 Odebrecht in the project have resulted in the deal being cancelled. Odebrecht has been linked to string of corruption scandals. The tender process for the 5km road section will be reopened as a result. The project is intended to cut journey times in Lima, with the work expected to cost US$200 million.