However, the Bavarian state government said it had signed an agreement with rail operator Deutsche Bahn and industrial consortium Transrapid that includes the developers of the train - Siemens and ThyssenKrupp.
Technological symbol
The only regular maglev service at present is in China, where the floating train whisks travellers between Shanghai's airport and the city's financial district.
The maglev, which has a top speed of more than 500km/h (310mph), is regarded as a symbol of German technological prowess.
However, the maglev project suffered a set back in September 2006 when a train collided with a parked maintenance vehicle on a test run in northern Germany, killing 23 people.
Japan has said it aims to launch its first maglev rail service by 2025.
No date was given for the launch of the Munich service.
