What is the approved budget of Tokaido Shinkansen?
The Tokaido Shinkansen is the high-speed line between Tokyo and Osaka that opened on 1 October 1964, about 500 km long. The World Bank's page on the 31 projects Japan borrowed for says that on 1 May 1961 it approved an 80 million dollar loan (Loan 0281) for the construction project, whose total cost was 380 billion yen.
Approved budget
¥380 billion
Approximately $1.06 billion
Cost basis: 1961
MaedaAkihikoCC BY-SA 4.0
Cost evidence
Basis of the published figure
Approved budget1961
Project record
Opened or launched
World Bank1 October 1964