[2] Founded in 1907 as the "Ferrocarril Provincial del Puerto de La Plata al Meridiano V", the company changed its name to FCPBA in 1924.

In response to this situation, the Government of Buenos Aires considered how to run railway transport in the province which could work as a cost effective alternative to the British-owned ones.

The Governor of Buenos Aires Province, Marcelino Ugarte, encouraged the construction of a regional railway line to compete against the dominant British companies.

In his view, the presence of a more cost effective railway transport would force the British companies to decrease their prices to keep their position in the market.

The lines to be built were determined as following: The main offer to take on the project was from "Societe Anonime Franco-Argentine de travaux publics", a Franco-Belgian society headed by Otto Bemberg.

[4] In August 1907 authorisation was given for the construction of the line, originally named "Ferrocarril Provincial del Puerto de La Plata al Meridiano V".

As time passed, new towns were established including Loma Verde, Etcheverry, Gobernador Udaondo, Carlos Beguerie, Hirsh, Fortín Olavarría, Roosvelt and Mira Pampa.

In March 1912, under the Inocencio Arias administration, the "Sociedad Ferrocarril Puerto de La Plata al Meridiano V" was created but its first trade balance was negative due to the line was still incomplete.

Nevertheless, diverse reasons (such as floodings, the World War I, wildcat strikes) caused the FCPBA showed a large deficit from 1915 to 1921, when Juan Bajac is appointed as manager of the company.

The cities joined by the train were as follows:[6] On 14 November 1924 the name of the company was changed to "Ferrocarril Provincial de Buenos Aires" (abbreviated FCPBA).

Eduardo Depietri, owner of the line, refused to give his company but the Government revoked the concession in November 1949 alleging breach of contract and the railway was expropriated.