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China to invest $17 billion in world’s longest undersea rail tunnel

China to invest $17 billion in world’s longest undersea rail tunnel

Publicerat av Tony Harkén måndag, 11 mars 2019.

An ambitious train rail link, designed to connect the Finnish and Estonian capitals through the bottom of the Gulf of Finland, has attracted €15 billion (US$17 billion) from China-owned Touchstone Capital Partners.

Finest Bay Area Development Oy inked a memorandum of understanding with the Chinese fund, which sponsors Beijing’s Belt and Road initiative, to provide funding for the Helsinki-Tallinn tunnel, the company announced on Friday.

One-third of the €15 billion funding will come as a private equity investment, with Touchstone taking a minority share in the project, and the remaining two-thirds as debt financing.

Read more at - World’s longest undersea rail tunnel

Take a look at - Finest Bay Area Tunnel Project

Publicerat av

Tony Harkén

finland

Klockan i Finland

FI - Time
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