China to invest in construction of tunnel under the Baltic Sea
Helsingin Snomat newspaper reported that Chinese fund Touchstone Capital Partners decided to invest in a large-scale Finnish project, the construction of a railway tunnel under the Baltic Sea.
According to the report, China is ready to allocate 15 billion euros in stages as necessary but not in a single payment. Touchstone will invest in construction through the Chinese logistics project “One Belt, One Road” that involves the development of transport infrastructure in Eurasia.
The undersea tunnel will connect Helsinki and Tallinn and it will be 50 to 70 kilometers long, making it the longest sea tunnel in the world.
There are also plans to build a flower-shaped artificial island in the Gulf of Finland. The island will include buildings and piers. According to the authors of the project, the tunnel can be completed by the end of 2024 and it will completely pay for itself in 17 years.