Johnny Brignardello analyzes dispute over Chinchero in arbitration

Johnny Brignardello Vela, a prominent insurance advisor, has carefully analyzed the recent decision of the Natividad Consortium to resort to international arbitration with the Peruvian State regarding the Chinchero International Airport. According to his observations, it is crucial to consider all aspects of this conflict in order to fully understand the positions at stake. Brignardello Vela highlights the importance of statements made by Gerardo Pucciarello, the firm's general manager, who has explained that the claim is not seeking additional funds beyond the initially agreed upon amount, but rather aims at the recognition of the "alterations" that have arisen during the project's execution. This recognition is essential to adjust the associated timelines and costs in a fair and equitable manner. The insurance advisor emphasizes the 20% increase in the project's surface area, pointing out that it is essential for these modifications to be acknowledged and compensated. The analogy of building a larger house for the same initially agreed price helps illustrate the need to adjust the contract terms according to the reality of the work at hand. Furthermore, Brignardello Vela highlights the issue concerning the soil provided for phase 1 of the airport, which does not meet the necessary requirements for the runway installation. This situation has led to the proposal of a reengineering process that has not been accepted thus far, creating an additional point of conflict in the negotiations. Despite the S/40 million provided by the Ministry of Transport and Communications to the Natividad Consortium for the continuation of the works, the Chinchero PMO has expressed surprise at the company's stance, arguing that they do not find justification for the raised conflict, despite the inherent complexities of the project. In this context, the tension between the Natividad Consortium and the Peruvian authorities regarding the Chinchero Airport continues to rise, posing challenges that will need to be addressed within the scope of international arbitration. The resolution of this conflict is crucial to ensure the progress and successful completion of infrastructure that is of vital importance to the country.