Metrovias

What Metrovias does

Metrovías S.A. is an Argentine railway concessionaire that has operated the Urquiza Railway Line under a government concession since 1994, linking Federico Lacroze station in the Chacarita neighborhood of Buenos Aires to General Lemos in Buenos Aires Province. The line covers 27 kilometers across five municipalities of the AMBA (Metropolitan Area of Buenos Aires) region, with continuous service hours between 01:00 and 23:59 and an end-to-end travel time of 49 minutes. The company is a privately-held subsidiary of CLISA within the Roggio Group, a conglomerate with over 100 years of infrastructure experience; the Subte and Premetro concessions it previously held were transferred to Emova on December 1, 2021, leaving Urquiza as its sole rail concession.

The company's primary product is the passenger railway service on the Urquiza Line, supported by an Automatic Train Stop (ATS) system across the full route and the historical exhibition 'Viajar en el tiempo' launched at the Federico Lacroze terminal in November 2024. Pricing is structured into three fare sections with differentiated rates by payment method — $350/$700/$1,200 ARS in the first section for SUBE nominalizada, SUBE sin nominalizar, and cash respectively, scaling to $590/$1,180/$1,200 ARS in the third section — and is integrated with Argentina's national SUBE contactless card system. Distribution is direct via station ticket offices (boleterías) and the Centro de Atención al Usuario (CAU) at Federico Lacroze station.

Metrovías serves roughly 17 million annual commuters, achieved a 97.8% service effectiveness rate in 2025, and reports a 92% positive user rating. Beyond its core concession, the company runs community programs including a 15-year partnership with Fundación Cimientos on the 'Futuros Egresados' youth scholarship program and is a member of IARSE for sustainability. Fare revenue is the primary commercial stream, with the 2025 concession framework formalized under Decree No. Resol-2025-97-APN-ST#MEC.

Name

Metrovias

Legal name

Metrovías S.A.

Website

https://metrovias.com.ar

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Metrovías S.A. is an Argentine railway concessionaire that has operated the 27-kilometer Urquiza Line under a government concession since 1994, serving over 17 million annual commuters between Buenos Aires and five Greater Buenos Aires municipalities. It is a subsidiary of the Roggio Group.

Ownership category

akta.pro rank

Product category

Passenger Rail Transportation

NAICS

Commuter Rail Systems (485112)

SIC

Local & Suburban Transit & Interurban Hwy Passenger Trans (4100)

akta.pro primary industry

Commuter/Suburban Rail Operators (S-Bahn/Regional Metro) (TLAFAEAD)

Keywords

• Passenger rail transport
• Urban railway services
• Commuter rail operations
• Railway concession services
• Metropolitan rail transit

Headquarters

HQ city

Buenos Aires

HQ country

Argentina

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Others

Revenue model

1. Public Transportation Fare Revenue: Metrovías operates the Línea Ferroviaria Urquiza under a government concession contract (decree No. Resol-2025-97-APN-ST#MEC) and generates revenue through passenger fares. The service connects Federico Lacroze station (Chacarita, Buenos Aires) to General Lemos (Buenos Aires Province), covering 27 kilometers and serving five municipalities in the AMBA region. The company serves over 17 million annual users. Revenue is collected through ticket sales, SUBE card (nominalized and non-nominalized), and cash payments at three fare sections.

Pricing tiers

Distribution channels2 records

Marketing channels4 records

Core offering

Metrovías S.A. is the government-concessioned operator of the Urquiza Railway Line, providing passenger rail transportation service across 27 kilometers connecting Federico Lacroze station in Buenos Aires to General Lemos in Buenos Aires Province. The service runs continuously from 01:00 to 23:59, with a 49-minute end-to-end trip, and is accessed via a three-section fare structure using the SUBE card (nominalized and non-nominalized) or cash. The company also handles station customer service, lost-and-found, and special passes for educational groups at its CAU office.

Product overview

Metrovías operates as a railway concessionaire managing the Urquiza Railway Line, providing passenger rail transportation services across 27 kilometers connecting Federico Lacroze station in Buenos Aires to General Lemos. The company offers a single, integrated rail service focused on urban metropolitan mobility rather than a platform of distinct software products. Services include standard passenger transport with associated fare collection, scheduling, and operational management of the entire line infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• Línea Urquiza (Urquiza Railway Line Passenger Service) Passenger railway service operating on the Urquiza Line, connecting Federico Lacroze station in Buenos Aires to General Lemos in the province of Buenos Aires, covering 27 kilometers and serving daily commuters across five municipalities in the AMBA region. Service runs continuously from 01:00 to 23:59 with a 49-minute end-to-end travel time, accessed via a three-section fare structure (SUBE card or cash) and equipped with an ATS (Automatic Train Stop) safety system across the full route.

Quantifiable outcome

• 97.8% service effectiveness rate in 2025
• +4 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and minor.

• Fundación CimientoscoreStrategic or Co-development Partner · 1 January 2010Metrovías partners with Fundación Cimientos on the 'Futuros Egresados' (Future Graduates) educational sponsorship program. Since 2010, Metrovías employees (padrinos/madrinas) sponsor and mentor youth aged 12-18 from vulnerable backgrounds to help them complete secondary school. Each student receives a monthly scholarship, personalized tutoring from the Foundation, and socio-emotional support from Metrovías mentors. The program celebrated 15 years of partnership in 2025 and its 14th consecutive year in operation in 2024.
• IARSE (Instituto Argentino de Responsabilidad Social Empresaria)minorOthersMetrovías is a member of IARSE, a network of institutions committed to integrating sustainability and social responsibility principles into their management. Through this membership, the company works on policies and processes to deliver sustainable mobility solutions for its community.

Scale indicators7 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Metro de Santiago: Operator of the Santiago Metro network in Chile, one of the largest metro systems in Latin America. Comparable as a regional urban rail operator with public-service obligations and government oversight similar to Metrovías's concession structure.
• SuperVia: Brazilian commuter rail operator part of the same Itausa group that owns/operates MetrôRio services in Rio de Janeiro. Comparable as a Latin American commuter rail concessionaire operating under a regulated fare/quality regime.
• Emova: Argentine subway and premetro concessionaire that took over the six Subte lines and Premetro network from Metrovías effective December 1, 2021. Directly comparable as a Buenos Aires rail concessionaire operating under a similar government concession framework to Metrovías's Urquiza line.
• MetrôRio: Concessionaire operating metro and commuter rail services across greater Rio de Janeiro, Brazil, including SuperVia commuter rail. Closely comparable as a Latin American urban/commuter rail concessionaire with similar revenue model (fare + ancillary) and infrastructure scale.

Broad incumbents

• Keolis: Global rail and urban transit operator and concessionaire (SNCF subsidiary) with operations across Europe, North America, and Australia. Comparable as a large-scale rail concessionaire competing for tendered urban and commuter rail contracts worldwide.
• Transdev: French multinational operating urban transit, commuter rail, and other transport services globally, including light rail and metro concessions in multiple continents. Comparable as a global concessionaire with similar business model to a Latin American rail operator.
• RATP Dev: Subsidiary of Paris RATP Group operating urban transit systems worldwide, including metro, light rail, and bus networks. Comparable as an international rail operator with experience in concession-style public transit contracts.
• Metrô de São Paulo (CMSP): State-owned operator of the São Paulo Metro system, serving Latin America's largest urban rail network. Comparable as a major urban rail operator in a Brazilian/Latin American megacity with a similar commuter ridership profile.
• Trenes Argentinos Operaciones: State-owned operator of Argentina's metropolitan commuter rail lines (including Línea Mitre, Sarmiento, Roca, San Martín, Belgrano Norte/Sur, and Urquiza-adjacent corridors). Comparable as the dominant commuter rail operator in the AMBA region, though state-run rather than private-concession.

Emerging players

• Metro de Medellín: Operator of metro, tram, and cable car services in Medellín, Colombia. Comparable as a Latin American multi-modal urban rail/transit operator with public-service mandate and integrated ticketing similar to Metrovías's SUBE integration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Metrovias