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More subsidies have been granted for the construction of railways to promote
balanced development of the national land and to place more emphasis on the
quality of people's life.
In Fiscal 1994 Budget, the subsidies for construction of the Shinkansen
and subways were increased; it was decided to grant subsidies to the subways
operated by the third sector; the subway emergency construction enterprise which
would utilize local independent businesses was established; more subsidies were
appropriated to modernize smaller railways; and the construction costs for urban
and trunk-line railways were classified into public work related costs so that
stable and sustainable subsidies could be supplied. Before these measures were
taken, subsidies had been given for the construction of the Hokuriku shinkansen
between Takasaki and Nagano and the subway's new lines under fiscal 1993's economic
measures were taken three times.
Regarding the reserve fund system for the construction of specific urban
railways, the "Special Measures Law for the Promotion of Railway Construction
in Designated Cities" was revised to increase the reserve fund, and the revised
law took effect on August 1, 1994.
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