INTERVIEW Helsinki-Tallinn tunnel can open up rail in Finland and Estonia: ‘we love competition’

Wednesday, February 9, 2022 - 00:00

There is an ambitious plan to build a tunnel from Helsinki to Tallinn. Peter Vesterbacka, COB and founder of the company behind the project and founding partner Kustaa Valtonen talk about the progress of the tunnel and explain the big picture: connecting Finland and the Baltics to Europe and attracting new talent.

A railway tunnel crossing the sea between Finland and Estonia, reducing the travel time from the current two-hour ferry ride to just 20 minutes by train. That is the plan of the company FinEst Bay Area Development, co-founded by Finnish entrepreneur Peter Vesterbacka (image one the right). “If you look at the status quo, we are dependent on ferries and airplanes. Finland is practically an island”, he says.

The tunnel would not only bring Finland and Estonia closer together, but also remove the ‘island status’ of Finland and connect to Europe via rail. The tunnel is planned to be completed by the end of 2024 – if the approval process goes smoothly.

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