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JR Central to construct maglev Shinkansen on its own

1, 11. 2008

   The central Japan railway company JR Central announced on Dec. 25, 2007 that it will go ahead with a plan to construct maglev bullet train railway (Shinkansen) to run through the 290km distance between the Tokyo Metropolitan area and the Chukyo area centering on Nagoya on its own without government financial help. The total cost for the project, including land purchases, is estimated at 5.1 trillion yen. The new Shinkansen is scheduled to start operation in 2025. The company said it has decided to go it alone because no one could know when the government might make a move about the plan.

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