Buenos Aires lost by a single vote to Melbourne; for the 1968 Summer Olympics, held in Mexico City; and in 2004, when the games were awarded to Athens. However, Buenos Aires hosted the first Pan American Games (1951) and was also host city to several World Championship events: the 1950 and 1990 Basketball World Championships, the 1982 and 2002 Men's Volleyball World Championships and, most remembered, the 1978 FIFA World Cup, won by Argentina on 25 June 1978, when it defeated the Netherlands at the Estadio Monumental 3–1. In September 2013, the city hosted the 125th IOC Session, Tokyo was elected the
Trams in Buenos Aires a reduced fare at half the standard rate, something which was later abolished in 1949. The network saw somewhat of a resurgence following the nationalisation of the country's railways in 1948, which also saw the creation of "Transportes de Buenos Aires" (TBA) which incorporated the city's trams and buses, while "Subterráneos de Buenos Aires" (SBA) managed the underground. Under this new administration, the network saw almost all the rails and overhead lines, as well as the rolling stock, almost completely replaced in the years from 1955 to 1961. At the same time, this period saw a significant increase in traffic,