Authorities in Finland and Estonia signed a memorandum on Tuesday aiming to dig an 80 kilometers long undersea railway tunnel linking the two capitals of Helsinki and Tallinn.
On ground, the connection between the two cities is a 800 km road passing through Russia.
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Although the plan is not new, the project was revived by the completion of a preliminary study claiming that a fixed link between the two capitals would require a financial budget of 9 to 13 billion euros, would improve the trade between the two countries and would enhance the transit to about 25 million passengers by 2040.
However, plans for a railway tunnel under the Baltic Sea between Finland and Estonia depend on the possibility of European funding granted by Brussels.
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