The European Union has allocated approximately 1 million euros for conducting a feasibility study for a railway tunnel between the capitals of Estonia and Finland.
The feasibility study must find out whether it pays to build an undersea tunnel, what are the technical options in construction of the tunnel and the project’s potential impact on the environment. Safety issues will be examined, along with expected profitability, and alternatives such as developing ferry traffic will also be looked at.
The budget of the FinEst Link project is 1.3 million euros, 75% of which will be provided by the Central Baltic Program 2014-2020 and the rest by Finland and Estonia.
The feasibility study must be completed by February 2018.
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