in 2019, showing the line's placement in relation to the existing
Tokaido Shinkansen line JR Central announced in December 2007 that it planned to raise funds for the construction of the Chuo Shinkansen on its own, without government financing. Total cost, originally estimated at 5.1 trillion yen in 2007, escalated to over 9 trillion yen by 2011. Nevertheless, the company has said it can make a pre-tax profit of around 70 billion yen in 2026, when the operating costs stabilize. The primary reason for the project's huge expense is that most of the line is planned to run in tunnels (about 86% of the initial section from Tokyo to Nagoya will be underground) with some sections at a depth of (
deep underground) for a total of in the Tokyo, Nagoya and Osaka areas. The original construction schedule from 2013, which called for the Tokyo–Nagoya segment to open in 2027 and the Nagoya–Osaka segment to open in 2045, was designed to keep JR Central's total debt burden below its approximate level at the time of privatization (around 5 trillion yen). The schedule was later altered to bring forward the completion date of the Nagoya-Osaka segment to 2037, after JR Central received a loan from the Japanese government. The first major contract announced was for a tunnel in Yamanashi and Shizuoka prefectures expected to be completed in 2025. Construction of a tunnel under the southern Japanese Alps commenced on 20 December 2015, approximately below the surface at its deepest point. The tunnel is expected to be completed in 2025, and upon completion will succeed the deep
Daishimizu Tunnel on the
Joetsu Shinkansen line as the deepest tunnel in Japan. Construction has also started in 2016 on the maglev station at Shinagawa. Being built below the existing Shinkansen station, and to consist of two platforms and four tracks, construction is planned to take 10 years, largely to avoid disruption to the existing
Tokaido Shinkansen services located above the new station. JR Central estimates that Chuo Shinkansen fares will be only slightly more expensive than Tokaido Shinkansen fares, with a difference of around 700 yen between Tokyo and Nagoya, and around 1,000 yen between Tokyo and Osaka. The positive economic impact of the Chuo Shinkansen in reducing travel times between the cities has been estimated at anywhere between 5 and 17 trillion yen during the line's first fifty years of operation.
Shizuoka Prefecture dispute Construction is yet to commence on the part of the line going through
Shizuoka Prefecture, as the municipality has expressed concern about water from the
Ōi River leaking into the tunnel, lowering the water level. JR Central expressed concern early on that the delay in construction of the only 9 kilometer long section going through Shizuoka might throw the entire project off schedule. Some political analysts believe that the actual reason for Shizuoka Prefecture's apparent concerns of the project is not over the Ōi River, but was merely used as a pretense to force JR Central's hand in building a train station on the
Tokaido Shinkansen under
Shizuoka Airport. Shizuoka Prefecture, being the only prefecture where no new station will be built, has long lobbied JR Central for years for the construction of such a station, with the line running directly under the airport. JR Central has so far refused, citing the close distance to the neighboring
Kakegawa Station and
Shizuoka stations. If constructed, travel time from the center of Tokyo to the airport would be comparable to that for
Tokyo Narita Airport, enabling it to act as a third hub airport for the capital. As the station would be built underneath an active airport, it is expected to open after the new maglev line. Officials of Shizuoka Prefecture, in a meeting with JR Central in June 2020, denied permission to begin construction work on the tunnel. JR Central announced the following week that it would be "difficult" to open the Tokyo-Nagoya line in 2027 as previously announced. Following a series of meetings between JR Central and Shizuoka Prefecture facilitated by the Ministry of Transportation, an interim report was released on the results of the meetings so far in late December 2021. Among other things, the report confirmed that while JR was committed to returning any water leaking into the tunnel once construction was completed, there is no known feasible way to return all of the water during the construction phase. However, it did also conclude that the amount of water leaked was likely to be insignificant. On 7 January 2022, commenting on the report, the Shizuoka Prefecture governor expressed continued opposition to construction when it could result in water levels going down, even if only during construction. He urged JR Central to re-investigate the possibility of returning leaking water during construction. On 20 January that same year, the prefecture officially called the report "insufficient", and announced that it still would not allow construction to commence. On 21 December 2023, during a routine press conference, JR Central’s President Niwa announced an agreement with
Tokyo Electric Power Company, the Ōi River's dam operator, to diminish the volume of water extracted from the upstream dam. This action aims to address the anticipated impact on the Oi River’s water levels, a consequence of the construction project. The agreement outlines the method of reducing water intake and the concept of compensation. The proposal was well-received and endorsed previously by the local governing council in November 2023. On 2 April 2024, Governor Kawakatsu announced that he would be resigning after making statements criticised as being insulting towards certain professions. This came less than a week after JR Central's announcement that it would be unable to meet its goal of opening the Shinagawa-Nagoya section of the line by 2027. Kawakatsu's resignation was met with discussions about whether his successor would approve tunnel construction, triggering a slight rise in JR Central’s stock price. On 26 May 2024, the
ensuing by-election was won by
Yasutomo Suzuki, who was called a "Maglev Proponent" by Nikkei Asia. The mayor of
Nagoya, a city on the maglev, also said that Yasutomo Suzuki had a deep understanding of industry, so he thought Suzuki would get the project done quickly. Since the election, preliminary work has been approved and proceeding as of October 2024. In January 2026, Shizuoka governor
Yasutomo Suzuki and JR Central President Niwa signed a letter of agreement where JR will pay compensation for water resources, specifically covering any decrease in the Oi River without requiring the local government to prove it was caused by the construction. On 26 March 2026, Shizuoka Prefecture's special committee approved all 28 environmental conservation measures proposed by JR Central, including those to reduce water consumption. JR Central will now begin procedures to obtain consent from related municipalities. A major milestone for the project, Vice Governor Hiraki Sho commented that construction could now begin by the end of 2026, with Governor Suzuki expected to grant approval. == Osaka extension ==