According to a statement, after almost four years of litigation, the
"The facts of this case date back to 2011, when PEL and the Mozambican government signed a Memorandum of Understanding regarding a potential railway-port project to link the Moatize region, in the central province of Tete, to a new deep-water port in Macuse, in the central Zambezia province. Following this, PEL took part in a public tender in 2013, but did not win it. So far, the project has not materialized', reads the document.
However, the document says, the Court concluded that it had no jurisdiction because PEL's actions in
"PEL has not made any investment in
The
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