Finland and Estonia’s undersea rail tunnel could cost $20 billion by 2040

HELSINKI (Reuters) – The world’s longest undersea rail tunnel between Finland and Estonia could cost up to 20 billion euros ($24.7 billion) and be opened for traffic by 2040, a feasibility study by the two countries said on Wednesday.

Following years of investigations, Helsinki and Tallinn are looking to build a permanent undersea link between the two northern capitals, situated on the opposite sides of the Gulf of Finland.

Tens of thousands of Estonians work in the Helsinki region, many of whom commute over the sea weekly, and many Finnish tourists visit Tallinn.

The proposed 103 km long tunnel would shorten the travel time between Helsinki and Tallinn to about 30 minutes, from at least 90 minutes currently by fast ferry.

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