The Japanese Transport Minister Akihiro Ohata has granted the railway operator JR Tokai concession for the construction of the maglev between Tokyo, Nagoya and Osaka. Thus, the so-called Chuo Shinkansen Project, which is in planning since 1973, on its way to its realization. With a cruising speed of 505 kilometers per hour travel time between the two cities will be reduced to 67 minutes.To Nagoya, it will be only 40 minutes.

In December

Be performed first environmental report for the route. Held meetings with relevant communities in which to come to stand between stations must be completed. Construction is to begin in April 2014. If things go the route of the railway operator Nagoya is built ready until 2027. The extension to Osaka is expected to last another 18 years.

Shinkansen should bear costs

The high cost of around 9 trillion yen, the project has been delayed in recent decades and over again. A new cost assessment that the Maglev line could be managed financially with the income of today's high-speed Shinkansen route between Tokyo and Osaka and a long-term debt, has finally persuaded the government to rethink.

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