Juan de Garay died near the Río de la Plata, while travelling from Buenos Aires to Santa Fe on March 20, 1583, his group of 40 men, a Franciscan priest and a few women entered an unknown lagoon and decided to spend the night on the banks of the Carcarañá River, near the ancient Sancti Spíritus Fort.
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The governor of Asunción sent him on April 1573, with a company of eighty men, on an expedition to the Paraná River, during which he founded the city of Santa Fe de la Vera Cruz.
His parents belonged to old and aristocratic families, being descended from the founder of the city, Juan de Garay, as well as from notable men of letters of 19th century Argentina, such as Florencio Varela and Miguel Cané.
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A second (and permanent) settlement was established in 1580 by Juan de Garay, who sailed down the Paraná River from Asunción (now the capital of Paraguay).
In 1942 Goicoechea worked with the company Hijos de Juan de Garay in Oñate and other companies to build a first test train consisting of seven low-slung cars of only 4.44 m length, of a roughly semi-circular cross-section, pulled by a power unit based on a powered bogie from Ganz Works.