Another report of China investing in large scale construction projects. A surprising number of them involve undersea transit systems. Of course, Chinese investment ultimately means Chinese ownership. Which means the NWO empire is expanding at a rapid pace. Here’s RT’s story on the tunnel project:
RT
Sat, 09 Mar 2019 17:08 UTC
© Reuters / Ints Kalnins
FILE PHOTO: A general view of Helsinki, Finland, where the tunnel is to start
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.
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 airport with two stations in between, is one of Europe’s largest infrastructure projects, according to project leader Peter Vesterbacka.
“Touchstone has extensive experience in financing similar large private infrastructure projects,” co-founder of Finest Bay Area, Kustaa Valtonen, said. He added that the company is looking for “fully balanced financing solution” and aims to secure European, Nordic, and Finnish capital investments.
Earlier, the firm said that the tunnel will cost around €15 million, and Touchstone’s help can fully cover the costs. Last year, Dubai-based construction company ARJ Holding agreed to provide €100 million funding for the train link, which is planned to cut the travel time to around 20 minutes from the two-hour ferry ride used by tens of thousands of commuters.
Though construction of the undersea tunnel has not started yet and it is not scheduled to be operational until 2024, tickets for the ride have been available since December. A one-way ride will cost passengers €50, while an unlimited annual subscription voucher is being sold for €1,000.
Beijing has been investing in multiple projects around the world via its multi-trillion-dollar Belt and Road Initiative (also known as the One Belt and One Road Initiative). The project aims to boost connectivity and cooperation between East Asia, Europe, and East Africa.
“Connectivity and co-operation”. Hmm..a very euphemistic way of putting things! A more direct way to put it would be “Global domination by financial investment”. And of course, “do as we say or we’ll withdraw our funding and leave you with half a tunnel and a crippled economy”. Martin Harris
