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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 Samus on 12/27/2007 12:37:07 AM , Rating: 2
Up front the cost for anything like this is high. You don't make money for a long time, but that's just how it works, unfortunately. The government usually helps support public transit while they're in the 'making money' phase because they're already in so much debt by the time a projects done, they're usually to broke to operate and maintain it.

Transit funds are usually left up to state governments, who all get some money from the federal pot. However, state taxes help support transit too.

So basically for something like this to happen here, we need substantially higher state taxes, which from Illinois, I support. Our state tax is a fixed 3% (income tax) which is the lowest in the country for big-city states (california/la, new york/ny, etc)

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