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AMBA bus owners warn that they could lower frequencies if subsidies are not updated

2024-02-14T15:50:24.774Z

Highlights: AMBA bus owners warn that they could lower frequencies if subsidies are not updated. They sent a document letter to the Minister of Economy, Luis Caputo, to recognize higher costs to the sector. According to what they say, the real cost of the ticket reaches $1,000 and the companies only receive $600 per trip. This happens despite the fact that the ticket increased more than 450% in the last 30 days and the minimum is at $270. The Ministry of Transportation recognizes the costs with prices updated until September 2023.


They sent a document letter to the Minister of Economy, Luis Caputo, to recognize higher costs to the sector. According to what they say, the real cost of the ticket reaches $1,000 and the companies only receive $600 per trip.


Despite being the

only ones left with subsidies

after the end of official aid for transportation in the interior, the

bus

owners once again warned that

the public service in the City and Greater Buenos Aires

is at risk

, as the system has not been updated. “cost calculation” that enables the payment of subsidies by the Nation, the City and the province.

This happens despite the fact that the

ticket increased more than 450%

in the last 30 days and the minimum is at $270.

In a document letter that they sent this Wednesday to the Minister of Economy,

Luis Caputo

, the chambers that bring together the

bus

companies indicated that they need the Government to take

“urgent measures”

to update the costs of the activity, and that they “provide the resources necessary to operate the service.”

Otherwise, in a few days there may be paralysis due to

having exhausted “ordinary” resources,

credits and financial reserves.

The

Ministry of Transportation

, today headed by

Franco Mogetta

from Córdoba , recognizes the costs with prices updated until September 2023, but only in the last two months they increased more than 75%, due to the

devaluation

, the rise in

diesel

, the

parity

of the drivers enrolled in the

Automotive Tram Union (UTA)

and other inputs.

Although the recent increases in fares, which brought the minimum ticket in the Buenos Aires Metropolitan Area (AMBA) to $270, recomposed a part of the economic structure of the sector, users contribute on average about $200 (for discounts to accumulate trips and the social rate), while

the State compensates companies with another $400 for each trip.

According to businessmen,

the “real cost” is close to $1,000 per passenger,

so

new increases or a greater subsidy

would be necessary , amid the strong fiscal adjustment.

Luciano Fusaro

, vice president of the

Argentine Association of Automotive Transport Entrepreneurs (AAETA)

, stated: “The commitment to update the accounts and the determination of subsidies after the rate adjustment and the joint agreement signed with UTA was not fulfilled, with which the "operators have no way or material means to comply with what was agreed with UTA, or even guarantee the continuity of services in the coming days."

Note in development

Source: clarin

All business articles on 2024-02-14

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