Touchstone to invest $17b in Helsinki-Tallinn train tunnel

  • News Digest
HELSINKI

Mar 9, 2019-

A train tunnel linking Helsinki with Estonia’s capital Tallinn has got a provisional 15 billion euros ($17 billion) in financing from China’s Touchstone Capital Partners, the latest infrastructure investment in Beijing’s Belt and Road plan. FinEst Bay Area Development said on Friday it had signed a memorandum of understanding providing a third of the funding in private equity, which will give Touchstone a minority stake in the planned 100 km (60-mile) tunnel, and two-thirds in debt. Beijing’s Belt and Road initiative seeks to link China by sea and land with southeast and central Asia, the Middle East, Europe and Africa, through a network along the lines of the old Silk Road as well as an Arctic route. (REUTERS)

Published: 09-03-2019 09:50

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