The official transfer of ownership, on March 1, of some 24,458 km of British-owned railways (57% of the total railway network) to the Argentine government took place amidst widespread celebrations including a mass demonstration in its support on Buenos Aires' Plaza Británica, in front of the Retiro railway terminus.
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Ferrocarril General Manuel Belgrano (FCGMB), named after the Argentine politician and military leader Manuel Belgrano, was one of the six state-owned Argentine railway companies formed after President Juan Perón's nationalisation of the railway network in 1948.