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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: Sounds great
By Samus on 12/27/2007 12:30:27 AM , Rating: 2
Keep dreaming about the United States ever evolving. When you consider we spend $4000 a second in Iraq, and have been for 4 years, it isn't hard to see why we are THREE generations behind the technology they're talking about.

We don't even have bullet trains here yet. And most of the engines we use are still 30-year old deisel-electric technology.


RE: Sounds great
By rudy on 12/27/2007 6:14:15 AM , Rating: 3
Doubt this has anything to do with it. The real issue is that the US is fundamentally different from most other countries. We invented the cheap automobile and it supplanted trains because it gave us freedom to move unrestricted as we pleased. We could do this and it was advantageous because we have lots of land, this allows us to really use it. This also gives America a flexibility most nations lack. If a new store springs up people can goto it with out a problem. In other countries it needs to be within a certain distance of some center of interest where the public transportation takes you. Playing the Train to bus to taxi game gets old. American's also value their time heavily time spent waiting for public transportation and walking long distances is money lost. I think with the internet and more and more jobs no longer requiring people to goto into work the chances of a train system doing well in this country just keep getting worse. Simply put the US system runs well on the automobile trains are not fast here because they do not need to be, they just hull heavy supplies to factories. We have a ton of land and attempting to put in place a decent train system to connect our major cities is a massive undertaking and would probably cost trillions, and in the end all we would get out of it is less flexibility.


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