Ferrocarriles del Pacífico Must Pay Nearly $100 Billion Following Ruling in Favor of ANI
The Administrative Tribunal of Cundinamarca confirmed the National Infrastructure Agency's (ANI) decision to terminate the concession contract of Ferrocarriles del Pacífico (FDP) and upheld that the company must pay COP 97.969 billion for damages caused. The judicial determination concludes a process that lasted over six years.
TL;DR
- The Administrative Tribunal of Cundinamarca confirmed the termination of Ferrocarriles del Pacífico's (FDP) concession contract by the ANI.
- FDP is required to pay COP 97.969 billion for damages caused by contract breaches.
- The contract was terminated in 2019 due to FDP's failure to adequately provide cargo transport services, maintain infrastructure, and care for railway equipment.
- The Tribunal found that the ANI acted within its legal authority and respected due process.
- The ruling denies FDP's claims for annulment of administrative acts, contract restoration, and damages.
- The decision strengthens oversight of transportation infrastructure concessions.