NAGOYA (Kyodo) The launch of maglev services between Tokyo and Nagoya, scheduled for 2025, may be postponed by several years due to financial troubles at Central Japan Railway Co. (JR Tokai) stemming from the 2008 global recession, sources said Wednesday.
JR Tokai announced in 2007 that it aims to open the Tokyo-Nagoya line for magnetically levitated trains in 2025, but its income from the Tokaido Shinkansen Line has been affected by a drop in business travel following the so-called Lehman shock.
It is to discuss the postponement with members of a Land, Infrastructure, Transport and Tourism Ministry panel, according to the sources.
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