The Government withdrew the TBA concession

Buenos Aires, May 24, 2012
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Federal Planning Minister Julio De Vido announced that the government rescinded the concession contracts to the company Trenes de Buenos Aires (TBA) belonging to Cirigliano Group.

The announcement comes three months after the tragedy of Once which killed 51 people and wounded 700 when Sarmiento train collided in Once station.

This decision, which affects the branches of Sarmiento and Mitre is due to severe breaches of the company in safety standards and investment.

De Vido called for “respect the action of justice” and said that “the criminal case has nothing to do” with the technical aspect of the trains.

“They are railroads in Argentina, with a past and a present of what happened in the country,” he added.

“We have invested in infrastructure 7.631 million pesos, in addition to the grant of the ticket. This speaks clearly of a traveling country, which is included, since 2001 the number of passengers increased 20 percent, because the country has 80 percent more economic activity,” De Vido said.

“We want to move forward in works such as the underground Sarmiento” he added.