Monday, 14 April 2014

Japan mulls free provision of maglev technology to U.S.

The government is considering providing Japan's technology for a magnetically levitated train system to the United States without license fees, a government source said Sunday.

Tokyo is considering the possibility in order to realize a maglev high-speed train service linking Washington and Baltimore, Maryland, the source said.
Japan has also unofficially offered loans worth about 500 billion yen to help bring about the service, which is expected to require about 1 trillion yen of investment.

Source: Kyodo

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