Japan’s $80 billion train project caught in scandal
(Source: Bloomberg, March 5, 2018)
NEW YORK — A widening scandal that has led to arrests of executives from two construction companies threatens to put the brakes on Japan’s plan to build the world’s fastest train. To surpass the nation’s famous bullet train, the project incorporates magnetic-levitation technology that promises to cut journey times from Tokyo to Osaka by more than half, to just over an hour. The $80 billion project carries the government’s added hopes of exporting the maglev technology.
Full story: Bloomberg
Tuesday, March 6, 2018
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