Executive Briefings

Denmark Looks to Tunnel Its Way to Germany

Denmark's government laid out details of a plan to build a tunnel connecting the Nordic region to Germany and cutting traveling time, saying in a bill that it will cost 65bn Danish crowns ($10bn) and be in use by 2024.

Denmark Looks to Tunnel Its Way to Germany

The proposed tunnel would run under the Femern Belt between the island of Lolland, which is connected by bridge to the island where Copenhagen is located, and the German island of Fehmarn, connected by bridge to continental Europe.

The bill, which will be voted on before the summer, proposes that the government issue bonds or raise financing backed by state guarantees to fund construction of the tunnel. The debt would be paid back in 39 years' time by charging users of the tunnel.

The tunnel will almost halve the time it takes to drive from Copenhagen to Hamburg, to roughly 2 hours and 40 minutes, and link continental Europe more directly to southern Sweden.

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The proposed tunnel would run under the Femern Belt between the island of Lolland, which is connected by bridge to the island where Copenhagen is located, and the German island of Fehmarn, connected by bridge to continental Europe.

The bill, which will be voted on before the summer, proposes that the government issue bonds or raise financing backed by state guarantees to fund construction of the tunnel. The debt would be paid back in 39 years' time by charging users of the tunnel.

The tunnel will almost halve the time it takes to drive from Copenhagen to Hamburg, to roughly 2 hours and 40 minutes, and link continental Europe more directly to southern Sweden.

Read Full Article

Denmark Looks to Tunnel Its Way to Germany