I'm not sure how true this is across Japanese railroads. JR East and Central, which I think are the biggest privately owned railroads, make way more from running trains than real estate/retail https://www.jreast.co.jp/e/investor/ar/2018/pdf/ar_2018-04.pdf … https://global.jr-central.co.jp/en/company/ir/annualreport/_pdf/annualreport2015.pdf …https://twitter.com/kimmaicutler/status/1078171664087699456 …
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And why are you so disdainful of California doing trains?
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What do you mean? I mean, America in general doesn't seem to do trains very well, but I would like it to do better!
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The maglev is almost entirely tunneled and will cost around $284m/km. So it's like 3x the cost of California's project per-mile but *much* more challenging (more challenging terrain, entirely new tracks even in dense city centers, trains that literally levitate)
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Outside built-up areas, Japan has low costs. The 50% underground Shin-Aomori extension was ~$55m/km.
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But they also single-bore tunnel using pressurized train cabins; here they twin-bore to avoid booms from trains passing at high speed.
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