mo4ch:>China to invest $17 billion in world’s longest undersea rail tunnel | Mo4ch News

An ambitious train rail link, designed to connect the Finnish and Estonian capitals through the bottom of the Gulf of Finland, has attracted €15 billion (US$17 billion) from China-owned Touchstone Capital Partners.Finest Bay Area Development Oy inked a memorandum of understanding with the Chinese fund, which sponsors Beijing’s Belt and Road initiative, to provide funding for the Helsinki-Tallinn tunnel, the company announced on Friday. One-third of the €15 billion funding will come as a private equity investment, with Touchstone taking a minority share in the project, and the remaining two-thirds as debt financing.Also on rt.comArctic mega bridge opens to traffic in Norway… thanks to China (PHOTO, VIDEO)The Chinese financing will be available to Finest Bay Area Development as the project progresses. The partners are to further agree on financial details of the contract over the next six months.The 103-kilometer tunnel, designed to connect the Helsinki-Vantaa airport and the Tallinn ai…