With the start of the year, hePublic transport fares increase related to the inflation records of 2022 and the increases in the minimum wages of each country. Latin America is no exception.
(Read: What awaits the economies of Latin American countries in 2023).
In the region public transport it is one of the largest moles because in several cities there is high traffic congestion, informal services, old infrastructure or dissatisfaction with the service.
These were the factors that Francisca Giraldez Zúñiga and Agustina Calatayud found in an article for the Inter-American Development Bank, IDB.
(Also: Reasons why the Colombian peso strengthens against the dollar).
Now, by January 2023, according to an investigation by ‘Bloomberg Online’, Public transportation in Montevideo, the capital of Uruguay, is the most expensive in the region with a cost of 42 Uruguayan pesos. In other words, around $1.05 for a one-hour ticket if paid with the Uruguay Metropolitan Transport System card. In case of paying in cash, the price is 52 Uruguayan pesos (around 1.20 dollars).
then follows Lima, Peru, where the value to access the Metropolitan trunk bus system costs 3.20 soles. That is, $0.84.
In the case of Brazil, Sao Pablo was taken into account, due to the population density, which registered a value of 4.40 reais the price of transport (0.83 dollars). This value works for a single journey with connection to other lines or services, although the system has other lower rates for packages.
(Keep reading: Trade between Latin American countries grew 22% in 2022).
Public transportation in Brazil
AFP
In the list follows Santiago de Chile with a fare for the Metro, the Tren Nos and the buses that vary in price between 640 and 800 Chilean pesos depending on the schedule in which the services are taken and the combination of them that the citizen does.
For his part, Bogotá registers a value of 2,950 Colombian pesos for the TransMilenio, 0.60 dollars, and the SITP buses of 2,750 pesos Colombian, that is to say 0.56 dollars. As for Quito, Ecuador, it has a basic underground metro rate of 0.45 dollars and an integrated rate of 0.60 dollars, although its operation has not yet begun.
Between countries with low rates is Mexico City, in Mexico, where the subway service has a cost of 5 Mexican pesos. Which is equivalent to $0.26. Also, Guatemala City where the price of TransMetro is between 1 and 2 quetzales, that is, between 0.12 and 0.14 dollars.
(In addition: Toll rates will not rise in 2023, the Government reported).
Finally, in Buenos Aires, argenitna, The government decided that the minimum ticket for journeys of up to 3 kilometers by bus increased to 35 Argentine pesos, that is, 0.09 dollars.
However, the rates will have a constant advance for seven months in four different tranches.
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