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The company will not see financial benefits from the endeavor until the late 2020s

Central Japan Railway, better known as JR Tokai, recently announced it will fund a major $45 billion magnetic levitation (Maglev) railway system between Tokyo and Chukyo.  Even though the announcement is further commitment to the developing technology by JR Tokai, it caused a 9 percent drop in the company's stock on the Japanese financial market on Tuesday.

Maglev trains will slowly phase out the famous Shinkansen "bullet" trains, while also keeping people from flying a lot of the same distances Maglev routes will cover.  The trains operate above the ground using an electromagnetic pull that accelerates the train's speed by reducing friction between the train and track.

Japan remains dedicated towards a fully functional Maglev rail service in the country by 2025.  Japan, China and Germany are at the forefront of Maglev technology, with Shanghai being the only city that has a fully operational line.  It is likely a second route will be constructed between Nagoya and Osaka, though Tokyo and Nagoya remains the most important goal.
 
JR Tokai currently owns the the speed record for a Maglev train after a three-car test run in 2003 reached 581 KPH (361 MPH).

As current generations of trains expire, and countries look towards future railway technologies for transportation, some people believe Maglevs will begin to expand to other nations.



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RE: Is This Really Necessary?
By vladio on 12/26/2007 4:38:49 PM , Rating: 2
more economists like 'jskirwin' and we will ride horses


RE: Is This Really Necessary?
By Ringold on 12/26/2007 5:03:47 PM , Rating: 2
The Cirrus SR22 G3 recently came out, price tag $533 - 550k.

Marginal improvement in performance -- redesign of the wing yielded decent improvements in handling, and 11 extra gallons of avgas.

More economists like 'vladio', and we'd be throwing out SR22 G2's of almost equal cost after just a couple years because, damn, it'd be really nice to get that extra hundred miles of range or so we can "slip like it's on rails"*. :P

*Julie Boatman, AOPA


"We shipped it on Saturday. Then on Sunday, we rested." -- Steve Jobs on the iPad launch











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