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v2 retail limited (532867) to launch new product line ✌️【Capital Growth】✌️ Precise predictions of market trends with real-time stock indices and futures data to help you make wise investment decisions. The first tunnel element of the Fehmarnbelt Tunnel was inaugurated June 17 by King Frederik X of Denmark, in what was a milestone moment four years after construction began in 2020, with more than a decade of planning preceding that.

On the Danish side, east of Rødbyhavn, the factory that will build the 89 massive concrete sections that will make up the tunnel was completed last year. Fermern A/S, the state-owned Danish company in charge of the project, says it’s the largest and most advanced production facility of its kind.

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By way of comparison, the 50-kilometer (31-mile) Channel Tunnel linking England and France, completed in 1993, cost the equivalent of £12 billion ($13.6 billion) in today’s money. Although longer than the Fehmarnbelt Tunnel, the Channel Tunnel was made using a boring machine, rather than by immersing pre-built tunnel sections.

It will be built across the Fehmarn Belt, a strait between the German island of Fehmarn and the Danish island of Lolland, and is designed as an alternative to the current ferry service from Rødby and Puttgarden, which carries millions of passengers every year. Where the crossing now takes 45 minutes by ferry, it will take just seven minutes by train and 10 minutes by car.

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“Today, if you were to take a train trip from Copenhagen to Hamburg, it would take you around four and a half hours,” Jens Ole Kaslund, technical director at Femern A/S, said in 2022. “When the tunnel will be completed, the same journey will take two and a half hours.

“Today a lot of people fly between the two cities, but in the future it will be better to just take the train,” he adds. The same trip by car will be around an hour faster than today, taking into account time saved by not lining up for the ferry.

Besides the benefits to passenger trains and cars, the tunnel will have a positive impact on freight trucks and trains, Kaslund said, because it creates a land route between Sweden and Central Europe that will be 160 kilometers shorter than today.

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In November 2020 a federal court in Germanydismissedthe complaints. “The ruling came with a set of conditions, which we kind of expected and we were prepared for, on how we monitor the environment while we are constructing, on things like noise and sediment spill. I believe that we really need to make sure that the impact on the environment is as little as possible,” Henrik Vincentsen, CEO of Femern A/S, said in 2022.

v2 retail limited (532867) to launch new product line ✌️【Capital Growth】✌️ Free stock selection services backed by expert predictions. Our advanced analytics and real-time market data will help you stay ahead of the competition and make smart, profitable investment decisions. Several other phases of the project are underway, including the digging of the actual trench that will host the tunnel. Each section will be 217 meters long (roughly half the length of the world’s largest container ship), 42 meters wide and 9 meters tall. Weighing in at 73,000 metric tons each, they will be as heavy as more than 13,000 elephants.

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Up to 2,500 people will work directly on the construction project. Michael Svane of the Confederation of Danish Industry, one of Denmark’s largest business organizations, told 【 - Free Access to Group 】 in 2022 that he believes the tunnel will be beneficial to businesses beyond Denmark itself.

“The Fehmarnbelt tunnel will create a strategic corridor between Scandinavia and Central Europe. The upgraded railway transfer means more freight moving from road to rail, supporting a climate-friendly means of transport. We consider cross-border connections a tool for creating growth and jobs not only locally, but also nationally,” he said.

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“As part of the Fehmarnbelt Tunnel, new natural areas and stone reefs on the Danish and German sides will be created. Nature needs space and there will be more space for nature as a result,” he says.

“But the biggest advantage will be the benefit for the climate. Faster passage of the Belt will make trains a strong challenger for air traffic, and cargo on electric trains is by far the best solution for the environment.”

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