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China plans world's longest sea tunnel at $42 billion - report

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Reuters July 11, 2013 - 12:31 BEIJING (Reuters) - China will invest 260 billion yuan, or about $42 billion (27.7 billion pounds), to revive a long-stalled plan to build the world's longest undersea tunnel across the Bohai Strait linking the country's eastern and northeastern regions, state media said on Thursday. The 123-km (76.4-mile) tunnel will run from the port city of Dalian in northeastern Liaoning province to Yantai city in eastern Shandong, the China Economic Net website said. The report did not say when the project will be completed. China announced plans in 1994 to build the tunnel, at a cost of $10 billion, and set to be completed before 2010. But more than 20 years on, the...

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