Odebrecht Latinvest has reached an agreement to sell 57% of Rutas de Lima road concession to Brookfield. Upon completion of the sale, Rutas de Lima will be owned by Brookfield and its institutional partners (57%), Odebrecht Latinvest (25%) and Sigma (18%). 

Owners are committed to ensuring on-going development projects remain on track to be completed as previously planned. They will focus on both improving operating services and identifying additional infrastructure investment opportunities.  

The project comprises the maintenance, expansion and operation of 98 kilometers of existing roads and the construction, operation and maintenance of 19 kilometers of new roads, intended to reduce traffic congestion and increase efficiency of the commercial exchange among Lima, the port of Callao and provinces located to the north, center and south of Peru.

In July 2014 we reported that Odebrecht closed financing for the 'Rutas de Lima' highway concession in Peru.