Tokyo prosecutors Monday raided two major construction firms over suspicions they colluded to secure contracts for Japan’s multi-billion-dollar maglev project that will see trains running at 500 kilometers per hour. The state-of-the-art maglev, or magnetically levitated, trains are scheduled to begin commercial service between
Tokyo prosecutors Monday raided two major construction firms over suspicions they colluded to secure contracts for Japan’s multi-billion-dollar maglev project that will see trains running at 500 kilometers per hour.
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 ($80 billion) in total, has seen various companies competing for contracts ranging from tunnelling work to building stations.
Construction firm Kajima’s headquarters and another Tokyo office were raided by investigators from the Tokyo District Prosecutors Office and the Fair Trade Commission for suspected anti-trust law violations, said a company spokesman who declined to be named.
