Posts tagged as Tallinn-Helsinki tunnel

State wants more info from Tallinn-Helsinki tunnel developers

Monday, July 29, 2019

Significant additional information is needed in order to decide whether to launch a national designated spatial plan for the construction of an undersea railway tunnel and associated artificial island between Tallinn and Helsinki, the Ministry of Finance told the developer of the project. “Both the state and the developer must have a clear, shared understanding of the initial conditions on which the two states’ infrastructure object of strategic importance will…

China must act in accordance with EU rules in Helsinki tunnel project

Tuesday, March 19, 2019

Henrik Hololei, director-general for mobility and transport at the European Commission, has expressed skepticism as regards the Tallinn-Helsinki tunnel project led by Finnish businessman Peter Vesterbacka, while also pointing out that the Chinese investors ready to finance Vesterbacka’s plan must act in accordance with European Union (EU) rules, writes LETA/BNS. Hololei pointed out in an interview with Estonian public broadcaster ERR that the EU last week adopted a notice on…

Caution needed with Chinese tunnel investors

Monday, March 11, 2019

Chinese investors interested in backing the propsed Tallinn-Helsinki tunnel need to be treated with caution, according to China expert Leslie Leino. Writing in daily Postimees, Mr Leino said that such consortia are only likely to invest abroad if they have party approval at home and high-level local help. Chinese investment group Touchstone Capital Partners announced on Friday that it was prepared to put the requisite €15 billion into the tunnel,…