Tokyo ? The Central Japan Railway Co. has unveiled plans to build the world’s longest magnetic railway system, or maglev, by 2025, Japanese media said on Wednesday.

The company said in a statement that the new magnetic levitation railway, called Linear, which travels above ground using an electromagnetic pull, will stretch in the first phase from Tokyo to Japan’s fourth largest city, Nagoya, in central Japan, at an estimated cost of $45 billion.

The project’s second phase will link Nagoya with Japan’s second largest city, Osaka.