Central Japan Railway Co. on Friday received a green light from the government to build a magnetically levitated train line between Tokyo and Nagoya by 2027.

The maglev line will shorten travel time from Tokyo to Nagoya to about 40 minutes, according to JR Tokai, as the railway is known. It also plans to extend the maglev line to Osaka by 2045, cutting the trip between the two metropolises to just 67 minutes versus 138 minutes by bullet train.

The cost of the entire project is estimated at ¥9 trillion.