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Business

Rail operator leads Shibuya renewal projects

Construction of a 230-meter-high building is underway at a site next to Shibuya Station.

TOKYO -- Tokyu Corp., a Tokyo-based private railroad operator and developer, is spending billions of yen on urban renewals in the Shibuya area, one of the world's busiest districts. New buildings and facilities with shops, restaurants, offices and entertainment spots are being constructed to make the area even more attractive to a wider range of visitors. The company plans to complete most of them before the city hosts the Olympic and Paralympic Games in 2020.

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