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The Government eliminated all transportation subsidies that went to the provinces and will only provide help with the social rate

2024-02-08T13:52:59.559Z

Highlights: The Government announced the decision to reduce the subsidy for public transport companies throughout the country. The measure includes the elimination of the Interior Compensation Fund, whose million-dollar sums were received by the provinces. Official aid will be channeled through SUBE and will only be for beneficiaries of the social rate, which implies a 55% discount. "The Ministry of Transportation has decided to end the freezing of fares that it had inherited from the previous administration on trains and buses in the Buenos Aires Metropolitan Area (AMBA)," the portfolio detailed.


He announced it to the Ministry of Transportation, which depends on the Ministry of Economy.


The Government announced the decision to reduce the subsidy for public transport companies throughout the country.

The measure includes the elimination of the Interior Compensation Fund, whose million-dollar sums were received by the provinces.

From now on, as announced, official aid will be channeled through SUBE and will only be for beneficiaries of the social rate, which implies a 55% discount.

"The Ministry of Transportation has decided

to end the freezing of fares

that it had inherited from the previous administration on trains and buses in the Buenos Aires Metropolitan Area (AMBA) for lines of National Jurisdiction, thus giving the fare greater prominence in the coverage of costs necessary to operate. In this way, this measure implies a considerable decrease in subsidies that went to companies," the portfolio detailed.

News in development

Source: clarin

All business articles on 2024-02-08

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