The state-of-the-art maglev — magnetic levitation — trains are scheduled to begin commercial service between Tokyo and Nagoya in central Japan in 2027, later extending to the western hub of Osaka.
Gain a thorough understanding of the global anti-corruption best practices with ISO 37001 Anti-Bribery Management SystemThe giant project, estimated to cost nine trillion yen ($86 billion) in total, has seen a host of firms compete for contracts ranging from tunnelling work to building stations.
The Japan Fair Trade Commission brought charges against four companies in March for suspected anti-trust violations, accusing them of sharing estimated costs for construction work.
On Monday, the Tokyo district court ordered one of those companies, Obayashi, to pay 200 million yen ($1.77 million) and a second, Shimizu, to pay 180 million yen.