Japanese Build 500 KM/H Mag-Lev Train Prototypes:
 The Japanese have announced the construction of several 
prototypes for mag-lev (magnetic levitation) trains, which can 
reportedly reach a top speed of 500 km/h (311 mph)
They will pave the way for a ‘production version’ of the trains, which 
will run from Tokyo to Nagoya in less than half the time required by 
their current conventional bullet trains (a Tokyo-Osaka route is also 
planned - total cost of the entire project is $112-billion). 
The trains themselves can tow up to 16 carriages, which equates to 
roughly 1,000 passengers. However, all of this is still far away in the 
future, as the Nagoya route is planned to come online in 2027, while the
 Osaka route will be ready in 2045.
 
 the Chinese already have a high-speed mag-lev line (since 2004), and 
their trains can also achieve the same 500 km/h (311 mph) top speed. 
Furthermore, the Chinese are also planning a vacuum tube mag-lev system,
 which will allow the train to travel closer to 1,000 km/h (610 mph) - 
the project is set to commence in 2013-2014.  

 
 
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