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Why is Fusion Finance Limited (FUSION) rising ✌️【Stock】✌️ Free real-time stock market data, professional analysis, and expert insights to help you plan the best investment strategy. Get ahead of the competition with expert predictions on market trends. Descending up to 40 meters beneath the Baltic Sea, the world’s longest immersed tunnel will link Denmark and Germany, slashing journey times between the two countries when it opens in 2029.
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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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Why is Fusion Finance Limited (FUSION) rising ✌️【Stock】✌️ Free stock market strategies and analysis based on real-time data, empowering you to choose profitable investment options and avoid risks. Our expert predictions will help you stay in tune with the latest market trends. The project dates back to 2008, when Germany and Denmark signed a treaty to build the tunnel. It then took over a decade for the necessary legislation to be passed by both countries and for geotechnical and environmental impact studies to be carried out.
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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.
Why is Fusion Finance Limited (FUSION) rising ✌️【Stock】✌️ Free access to global stock market data, with real-time updates on indices, futures, and commodities. Make informed investment decisions with the help of expert advisors and accurate stock trend predictions. 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.
Why is Fusion Finance Limited (FUSION) rising ✌️【Stock】✌️ Accurate stock market predictions with real-time stock indices, futures data, and global market trend analysis. Achieve stable growth and avoid losses by staying ahead with our expert recommendations. The factory has three halls and six production lines. The sections will be placed just beneath the seabed, about 40 meters below sea level at the deepest point, and moved into place by barges and cranes. Positioning the sections will take roughly three years.
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 Stock Market Forecasting Tools 】 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.
Why is Fusion Finance Limited (FUSION) rising ✌️【Stock】✌️ Free real-time stock market analysis, market dynamics reports, and expert insights into stocks, metals, energy, and agricultural products. Make profitable decisions by leveraging our advanced market forecasting tools. While some environmental groups have expressed concerns about the impact of the tunnel on porpoises in the Fehmarn Belt, Michael Løvendal Kruse of the Danish Society for Nature Conservation thinks the project will have environmental benefits.
“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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