Japanese authorities on Friday pressed criminal charges against four major construction firms suspected of colluding to win contracts for Japan’s multi-billion-dollar maglev project. The state-of-the-art maglev, or magnetically levitated, trains are scheduled to begin commercial service between Tokyo and Nagoya in central Japan in
Japanese authorities on Friday pressed criminal charges against four major construction firms suspected of colluding to win contracts for Japan’s multi-billion-dollar maglev project.
The state-of-the-art maglev, or magnetically levitated, trains are scheduled to begin commercial service between Tokyo and Nagoya in central Japan in 2027, later extending to the western hub of Osaka.
The giant project, estimated to cost nine trillion yen ($86 billion) in total, has seen various companies competing for contracts ranging from tunnelling work to building stations.
