Central Japan Railway to Spend ¥308bn on Rail Work

30 March 2010 (Last Updated March 30th, 2010 18:30)

Central Japan Railway plans to invest ¥308bn ($3.4bn) in railway operations for the fiscal year 2010. The Japanese railway operator is expected to earmark ¥110bn ($1.2bn) to ensure safe and reliable transportation, according to tradingmarkets.com. It plans to shell

Central Japan Railway plans to invest ¥308bn ($3.4bn) in railway operations for the fiscal year 2010.

The Japanese railway operator is expected to earmark ¥110bn ($1.2bn) to ensure safe and reliable transportation, according to tradingmarkets.com.

It plans to shell out ¥95bn ($1bn) to expand its Shinkansen high-speed train and improve its Tokaido Shinkansen line.

Magnetic levitation operations, including extending the Yamanashi test line, have been allocated ¥49bn ($529m).

The company capital spending will be increased by 3% to ¥328bn ($3.5bn) for rolling stock manufacturing businesses.

Apart from this, an extra amount has been kept aside for plans to build high-speed rail networks overseas.