Russia Plans World’s Longest Tunnel

Russia plans to build the world’s longest tunnel, a transport and pipeline link under the Bering Strait to Alaska, as part of a $65 billion project to supply the U.S. with oil, natural gas and electricity from Siberia. The project, which Russia is coordinating with the U.S. and Canada, would take 10 to 15 years to complete, Viktor Razbegin, deputy head of industrial research at the Russian Economy Ministry, told reporters in Moscow today.

Ten to fifteen years to completion is staggering, but this is a true beast. It will be linked to Alaska (!) and cost close to $12 billion dollars to build. Discussions with both US and Canada begin next week.

Source: Bloomberg