Japan is doing pretty well I believe because they privatized the transportation system and set up the incentives so the better the transportation does the more profit the transportation company makes.

The Tokyu Corporation (one of the 10 or so companies running trains in Tokyo) is currently building several 20 to 40 story buildings in Shibuya, one of which Google Japan will move into next September. They make money renting the building all of which are next to their station