Estonian minister: Tallinn-Helsinki tunnel very promising project ({{commentsTotal}})

Business
Business

Speaking at Estonian business daily Äripäev's Äriplaan 2017 (Business Plan 2017) conference on Wednesday, Estonian Minister of Economic Affairs and Infrastructure Kristen Michal described the prospect of building an undersea tunnel connecting the capital cities of Tallinn and Helsinki as a very promising project.

 A detailed feasibility study is due to be completed in 2018, after which a decision will have to be made regarding how to move forward — such as in the event that the payback period turns out to be longer than expected, said Michal.

"My opinion is that this project has very promising prospects," said the minister, adding that this holds true especially if the interest of Tallinn and Helsinki as well as Estonia and Finland to create a common economic space are kept in mind.

"There is a great deal of interest in it in Finland as well," he noted.

Michal also stated, however, that international air connections remained a priority for Estonia as well.

"What matters a lot to Estonia is that Tallinn isn't a place where you tell your foreign partner, 'Please fly here via Riga,'" he explained. Ensuring air connections does not have to be the duty of a state-owned airline, he noted; it may also be a private company ensuring competition on the market in Estonia. Estonia's goal is to ensure direct connections with European capitals at least twice a day, five days per week, the effect on the economy of which is worth 63 million euros.

Estonia's third important transport project is Rail Baltic, on which several agreements have recently been reached between the three Baltic States.

An undersea tunnel connecting the capitals of Estonia and Finland is estimated to cost approximately 13 billion euros. Michal has previously stated that according to initial estimates, the tunnel's payback period would be 40 years.

Editor: Editor: Aili Vahtla



{{c.alias}}
{{c.createdMoment}}
{{c.body}}
{{cc.alias}}
{{cc.createdMoment}}
+{{cc.replyToName}} {{cc.body}}
No comments yet.
Logged in as {{user.alias}}. Log out
Login failed

Register user/reset password

Name needs to be fewer than 32 characters long
Comment needs to be fewer than 600 characters long
{{comment.captcha.word.answer}}

Related

news.err.ee

Opinion
Independence Day: Estonia’s way into the future isn’t a race

There is a lack of connection between the Estonian state, and the people who live here. While it expects a lot of the state, Estonian society doesn’t seem ready to contribute, writes Viktor Trasberg.

Lotman: Security academy would be crucial Estonian identity point in Narva

In an opinion piece published by Eesti Päevaleht, Tallinn University professor Mihhail Lotman found it important to overcome the mental barrier separating Ida-Viru County from the rest of Estonia.