The Japanese government has promised to lend the United States half of the cost of building the first "Super-Maglev" train, reducing travel time between Baltimore and Washington DC to just 15 minutes.
Tokyo is so keen to show off its technology that it will provide loans for half the estimated $8 billion cost of installing the tracks, Japan's Asahi newspaper said on Tuesday.Masahiro Nakayama, a general manager at Central Japan Railway Co, told The Daily Telegraph that the American federal government was keen, and that the state authorities were especially enthusiastic about the project.
"The national government has shown interest," he said. "But a number of the states in the north-east corridor - such as Maryland - are particularly keen for faster rail links and more advanced technology."
The 37-mile journey between Washington DC and Baltimore presently takes one hour by conventional rail link, and the Japanese government and Central Japan Railway Co. hope to use the project to showcase what it believes will be the transportation technology of the future.
Eventually, a 453-mile track linking the US capital with Boston will be constructed.
Source: telegraph.co.uk
"The national government has shown interest," he said. "But a number of the states in the north-east corridor - such as Maryland - are particularly keen for faster rail links and more advanced technology."
The 37-mile journey between Washington DC and Baltimore presently takes one hour by conventional rail link, and the Japanese government and Central Japan Railway Co. hope to use the project to showcase what it believes will be the transportation technology of the future.
Eventually, a 453-mile track linking the US capital with Boston will be constructed.
Source: telegraph.co.uk
