Province of Buenos Aires: 37.5% increase authorized for transportation

Province of Buenos Aires: 37.5% increase authorized for transportation

November 20, 2024 – 09:22

The Ministry of Transportation made the measure official through the Buenos Aires Official Gazette. The regulations require that transport companies present, within the next five days, the new tariff tables in the form of a sworn declaration.

Mariano Fuchila

He Ministry of Transportation Buenos Aires made official this Wednesday a 37.5% rate update for the interurban and rural services public passenger transport in the province. Through Resolution No. 278-MTRAGP-2024, published in the Official Gazette of the district, a minimum rate of $219.48 for long distance services.

From the area leading the Minister Jorge D’Onofrio explained to Ámbito that “after the elimination of Interior Compensation Fund (FCI) by the National Stateand given the increase in the indices that make up the operating cost structure of bus companies in the interior of our Province, an increase of 37.5% was authorized, the purpose of which is to Sustaining service provision and keeping our towns and cities connected.”

The reasons behind the increase in transportation in the province of Buenos Aires

It was noted that “as the province has its budget extended from 2023 and the economic resources allocated to transportation subsidies are not enough to cover the operating cost, this increase was determined by mitigating the impact on the economy of the users of the system.”

At the same time, it was indicated that this percentage is similar to the tariff update carried out in the AMBAcalculated according to the accumulated variation of the CPI for the monthly periods from March 2024 to August 2024 inclusive.

Kicillof Donofrio.webp

The Minister of Transportation of PBA, Jorge D'onofrio, confirmed the increase and pointed out against the elimination of the Interior Compensation Fund (FCI) by the National State.

The Minister of Transportation of PBA, Jorge D’onofrio, confirmed the increase and pointed out against the elimination of the Interior Compensation Fund (FCI) by the National State.

To the extent, it was clarified that the new value seeks to compensate the costs within the framework of the recent increases in the price of fuel and the transport sector salariesas well as the insurance and spare parts necessary to carry out maintenance on the units.

In this sense, it was highlighted that since the Chamber of Public Transportation of Passengers of the Buenos Aires Interior (CATPIBA) The tariff update had been requested, arguing an economic imbalance caused by the increase in salaries and the price of diesel.

The regulations require that transport companies present, within the next five days, the new tariff tables as a sworn statement. With the elimination of the FCI, the province created its own subsidy fund until it was issued by the Supreme Court of Justice.

Source: Ambito

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