Chinese company to invest in Finland’s longest tunnel

Helsinki-Tallinn tunnel connecting two metropolitan areas together (Photo:Finestbay Area’s website)

Touchstone Capital Group, a Chinese leading company in financial solution provider, has agreed to fund billions of US dollar to a railway tunnel project connecting Finland and Estonia on the Gulf of Finland.

On Friday, 8 March 2019 Touchstone Capital Group and Finestbay Area Development Oy (FADO), the developers of the project, signed a memorandum of understanding to fund €15-16 billion for the Helsinki-Tallinn tunnel project.

The Helsinki-Tallinn tunnel project has started since the summer of 2016 to create economic growth for the region. It is 103-kilometers-long railway tunnel linking Helsinki-Vantaa airport and the Talinn airport. The project is expected to be available on December 24th 2024 and when it is complete, it will be the world’s longest tunnel and will cut down travel time from currently two hours by ferry to about 20 minutes.

(Photo:Finestbay Area’s website)

To ensure that the project will be successful, FADO announced on the website that tickets are available now for the customer to reserve seats in the very first trains. The tickets consist three options: one-way ticket costs €50, return ticket costs €100 and an annual subscription ticket that allows customers to travel as many trips as they need costs €1,000.

About Nilobon Bantoey

Journalist • ScandAsia Publishing Co., Ltd. • Bangkok Thailand

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