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U.S. rail firm wins compensation battle in Guatemala

Friday, December 6, 2013

U.S. company Railroad Development Corporation has finally won a six-year fight for compensation over the forced termination of its Guatemala Railways concession.

The company was fully reimbursed with a payment of $14.6 million.

The company had won a concession in 1997 to revive Guatemala's railway, but in 2006 the country's government declared its rolling stock contract "harmful to the interests of the state".

Source: Rail Journal