Peru Cancels US$7 Billion Contract with Brazil’s Odebrecht

After cancelling US$7 billion pipeline, the Peruvian government said Odebrecht would have to shut down all of its operations in the country.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Caught up in a massive international corruption scandal, Peru’s government announced that it was cancelling a US$7 billion pipeline project led by Brazilian construction giant Odebrecht. The Peruvian government also said the Brazilian company would have to shut down all of its operations in the country and leave.

“They're going to have to sell their projects. They have to go, it's over,” President Pedro Pablo Kuczynski said in an interview to a local radio station on Tuesday.

At the end of 2016 the Peruvian government had . . .

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