Major developers, key landholders, and academic institutes along new rail lines were involved in not merely raising urban capital funds for short-term profits but rather establishing transit-oriented townships in the long run. Many of these private stakeholders have provided high-quality urban settings and state-of-the-art smart technologies around stations, as motivated to take advantage of the accessibility benefits brought by new rail development and maximize their own asset values with a good image of town management.
A good example of this is Kashiwanoha Campus Station where Mitsui Fudosan Corporation, a real estate giant originally owned the former golf course, reinvested in a new shopping mall, residential tower packages, and community health centers, including the innovative elements of Smart City. The area energy management system invented by advanced technology companies connects building facilities (e.g. commercial and residential buildings, offices, hotels) and electrical facilities (e.g. solar panels, batteries) through a smart grid, which interchange electrical power inside the district cost-efficiently and reserve backup power in cases of natural disasters.
Metropolitan-wide rail network extensions from the new science and technology corridor to the central business district, airports, and other sub-employment centers would further accelerate intercity face-to-face interactions, business innovations, and, in turn, cities’ global competitiveness.