Three Chinese companies to build Tallinn-Helsinki tunnel

Friday, July 12, 2019 - 00:00

TALLINN (Reuters) - A Chinese-funded Finnish company working on a Tallinn-Helsinki undersea tunnel project said on Friday it will work with three Chinese companies on the final design and building of the 100 kilometer (60-mile) tunnel, which forms part of Beijing’s Belt and Road initiative.

FinEst Bay Area Development said it signed a memorandum of understanding with China Railway International Group, China Railway Engineering Company, China Communications Construction Company, and financier Touchstone Capital Partners.

“The partner companies are the largest in the world in their own fields of expertise,” said Peter Vesterbacka, co-founder of Finest Bay Development company.

Read more: https://www.reuters.com/article/us-finland-estonia-tunnel/three-chinese-companies-to-build-tallinn-helsinki-tunnel-idUSKCN1U70F3