Japan Governor Opposing High-Speed Bullet Train to Resign [BNN Bloomberg (Canada)]
CENTRAL JAPAN RY UNSP/ADR (CJPRY)
NASDAQ:AMEX Investor Relations:
english.jr-central.co.jp/company/ir/index.html
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Source: BNN Bloomberg
Heita Kawakatsu, 75, told new hires at the prefectural government earlier this week that public servants there are “highly intelligent, unlike people who sell vegetables, or take care of cows,” the Nikkei newspaper and Kyodo News quoted him as saying. Central Japan Railway Co. said last week it won't meet its goal to build a magnetic-levitation train between Tokyo and Nagoya by 2027. The rail operator has been unable to start construction in Shizuoka, even though six years have passed since the signing of a construction contract for a tunnel in the prefecture. The ¥9 trillion ($59.4 billion) project has long faced opposition from the local government because of concerns that excavation will impact river water levels. In 2016, the government approved a ¥3 trillion loan to help Central Japan Railway fund the Chuo Shinkansen maglev line, which promised to ferry passengers between Tokyo and Nagoya in roughly 40 minutes. Running at more than 500 kilometers an hour, the train will even
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News
- Passenger finds snake on Japanese bullet train, causing rare delay on high-speed service [CBS News]CBS News
- Snake on a bullet train causes rare railway delay in Japan [CNN]CNN
- US, Japan signal support for Texas high-speed rail plan [Reuters]Reuters
- Plans for World's Fastest Train Service Delayed as Japan Ditches 2027 Target [BNN Bloomberg (Canada)]BNN Bloomberg