Buenos Aires Public Transport’s Decade Of Triple-Digit Fare Increases

Patrick Archer average prices, ba government, buenos aires events, lifestyle

With another round of fare increases on the horizon for both Buenos Aires taxis and subways, which mode of public transportation has seen the largest fare hike over the past decade? The initial fee or la bajada de bandera (lowering the flag) for a BA taxi was $1.44 pesos in 2004. That fee rose to $1.60 the following year, $3.10 …

Brazil’s Vale Could Postpone Mendoza Potash Project 3 Years

Patrick Archer agribusiness, competitiveness, foreign investment, real estate

The world’s largest producer of iron ore could delay the opening of a Mendoza potassium mining project three years, according to Reuters and other industry sources. Brazil’s Companhia Vale do Rio Doce (NYSE: VALE) was originally planning to invest approximately US$6 billion to launch a massive three-phase mine and transportation network including the Rio Colorado potassium mine in Mendoza, a …