Tuesday, May 22, 2007

Argentina: Concession nullified a week after rail riot

Argentina’s government cancelled a firm's concession to operate two major rail lines one week after a riot at a Buenos Aires train station. “We will keep all the workers on the job and ticket prices will remain the same,” said Planning Minister Julio De Vido earlier today as the government will temporarily control the dual train lines that had been run by private company Metropolitano S.A.

Image- Sydney Morning Herald (Buenos Aires riot police inside the Constitucion train station last Tuesday)

Sources- Bloomberg, CNN, The Latin Americanist


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