The Cabinet on Monday adopted a bill that will allow the central government to make unsolicited loans for building Central Japan Railway Co.’s high-speed maglev line. The government hopes the bill will help get the nation’s first line for magnetically levitated trains running up ...
The government is poised to offer ¥3 trillion ($29.6 billion) in loans to Central Japan Railway Co. (JR Tokai) in an attempt to expedite high-speed maglev services between Tokyo and Osaka by up to eight years, government sources said. Under the plan — which ...
Few doubt Prime Minister Shinzo Abe’s decision to invest public funds in a $90 billion high-tech maglev railway makes political sense. Whether it makes equally good economic sense is less clear. Proponents say lending government money to Central Japan Railway Co. (JR Tokai) to ...
The Japanese government is arranging to compile a stimulus package of at least ¥20 trillion ($188 billion) to help the domestic economy emerge from deflation and fend off the possible adverse effects of Brexit, sources said Wednesday. The government initially envisaged compiling a stimulus ...
Nuclear safety, route plans for new shinkansen and maglev lines, and the ruling coalition’s economic policies are some of the top local issues on the minds of Kansai voters as they head into the pivotal Upper House election next month. With last week’s announcement ...
The government will provide backing for the early opening of a privately-built magnetic-levitation train link between Nagoya and Osaka that’s currently planned to start running in 2045, Prime Minister Shinzo Abe said. It will help provide Japan with 21st-century infrastructure, Abe said Wednesday at ...
The government and Central Japan Railway Co. (JR Tokai) are leaning toward launching high-speed maglev train service between Tokyo and Osaka up to eight years earlier than the originally targeted 2045, sources said Thursday. The government is considering providing long-term, low-interest loans to JR ...
Residents in areas near the planned route for a high-speed magnetically levitated train and other people sued the government on Friday, demanding that its approval of the Central Japan Railway Co. (JR Tokai) project be withdrawn. Some 730 people — 680 residents in Tokyo ...
Full-fledged construction work began Friday on the nation’s first magnetic levitation train line, with Central Japan Raiway Co. beginning the digging of a 25-km tunnel between Yamanashi and Shizuoka prefectures. Of the 286-km route envisioned for the line, which aims to connect Tokyo with ...
Japan and the United States agreed Monday to set up a bilateral conference to exchange information about advanced train technology as Tokyo steps up its efforts to export Japanese high-speed rail systems. Transport minister Keiichi Ishii and his U.S. counterpart, Transportation Secretary Anthony Foxx, ...
The U.S. Department of Transportation awarded $27.8 million to a study of magnetic levitation railway in Maryland, Northeast Maglev LLC said in a statement Saturday. The company is seeking to bring a Japanese maglev system, with a value of $10 billion, to the 64-km-long ...
Imagine, if you will, being handed what looks like a skateboard that almost magically hovers an inch or three above the ground. See yourself running, your hand beneath the board as it floats, suspended in midair. Carefully step on it to test out its ...
