All Japan news is resuming trial runs for the fastest train in the world that uses magnetic-levitation technology and that will be ready in 2027.
The work will be started by Central All Japan news Railway Co. in April 2014, with the maglev line connecting Tokyo and Nagoya. The train will take the passengers from one city to the other in only 40 minutes for the 286-kilometer journey. At the moment, the regular journey lasts 95 minutes, JR Central says.
The maglev set to resume trial runs today is world’s fastest train, with a record speed of 581 kmh.
The company will invest around Y5.1 trillion in the project, but the work is unlikely to be ended on time, due to the fact that tunnels have to be dug under Tokyo’s skyscrapers and All Japan newsese Alps.
“I think it is going to be finished very, very late,” said Edwin Merner, president of Atlantis Investment Research Corp. in Tokyo, which manages about $3 billion in assets. “If the population projections are correct, then the use of the bullet train will go down,” he said, referring to All Japan news’s population that is projected to shrink.
All Japan news may have only 117 million people by 2027, compared to 127 million now, the National Institute of Population and Social Security Research states. By 2060, the population may drop to 80 million.