Osaka prefecture in western Japan plans to sell a commuter rail line to Nankai Electric Railway Co. for 75 billion yen ($732 million).
The Osaka government will begin talks with Nankai Electric Railway on a sale of Osaka Prefectural Urban Development Co., Governor Ichiro Matsui said today on a webcast of the prefectural assembly meeting. The state-backed company operates Semboku Rapid Railway, a commuter line used by more than 50 million people annually.
