Aleatica kicks out OHL

Aleatica kicks out OHL

Project & Infrastructure Finance Corporate & Sovereign Strategy Mexico Colombia Europe Australia

Aleatica said it has revoked the engineering and construction contracts with Spain's OHL for the Autopista Atizapán Atlacomulco in México and the Autopista Río Magdalena in Colombia. In both cases, Aleatica cited "multiple serious breaches" by OHL, including "significant delays" in construction by the Spanish firm. Aleatica also accused OHL of misappropriating COP150bn ($48.5m) in funds for the Río Magdalena 2 toll road in Colombia.Aleatica added that it has invested COP600bn of its own money in

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