Monday, November 26, 2007

Germany and Denmark multi billion euro bridge to bring jobs windfall

Denmark and Germany will build a road and rail bridge across the Fehmarn Strait in the western Baltic Sea, which will land link the two countries by 2018. According to a statement by the Danish Ministry of Transport and Energy the bridge will be owned and financed by Denmark, and paid for by tolls from users on the direct route from Hamburg to Copenhagen.In a statement, Danish Transport Minister Flemming Hansen said: "A permanent connection across the Fehmarn Strait will link Scandinavia and the European continent together for the benefit of Europe as well as Denmark and Germany. Quicker and more efficient transport will benefit people and businesses on both sides of the strait." Subject to agreement by the German and Danish parliaments, Denmark is to finance the construction of the 19-km (12-mile) bridge between Roedby, on the Danish island of Lolland, and Puttgarden, on the German island of Fehmarn.
The Danish Government is to provide a loan guarantee of DK.35bn (E.4.7bn/$6.3bn) in funding, while the German Government says it will invest around E1.2bn ($1.6bn) on the German side. Agreement to build the bridge has been a decade in the making and construction is now expected to begin in 2011. The bridge will have four lanes for cars and two for trains.

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