The rail giant Canadian Pacific Kansas City (CPKC) has filed an arbitration claim against the Mexican government for discriminatory treatment of its investments in the country.
The claim, filed on April 27 with the International Centre for Settlement of Investment Disputes (ICSID), alleges violations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), to which Mexico and Canada are parties.
The claim stems from a dispute over rail concessions. To date, the specific claim and amount of compensation sought by CPKC have not been made public.
The parties must appoint the three arbitrators who will resolve the case, a process that typically takes several years.
CPKC, which provides freight service throughout North America, is the concessionaire for the Pacific Northwest and Northeast trunk lines, which include the routes that will be used by the main passenger trains being developed by the current administration.
In a statement, the rail company asserted that it will not experience any financial or operational repercussions as a result of filing for international arbitration.
Source: heraldodemexico
