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To put that into perspective: the tunnel cost roughly 175M euros, that's 3.5k EUR per inhabitant. I don't find this excessive. From the maps, it looks like basi
by lqet 6y ago
To put that into perspective: the tunnel cost roughly 175M euros, that's 3.5k EUR per inhabitant. I don't find this excessive. From the maps, it looks like basically every inhabitant benefits from those tunnels. Even if it just saves 100 EUR in gas per year and inhabitant, the tunnel is a societal net gain after about 35 years.
Also consider this:
> On the Eysturoy side of the tunnel house prices increased by 31% between 2019 and 2020 and have doubled between 2015-2020 [0]
Additionally, the tunnels are tolled [0]:
> Construction costs for the tunnel are being recouped through toll fees. Tolls start at 75 DKK for small cars (up to 3,500 kilograms (7,700 lb)) between Tórshavn and Eysturoy, and 25 DKK for local traffic between Saltnes (near Runavík) and Strendur. This price is for people who have a subscription (hald). Without subscription the price is 175 DKK between Eysturoy to Streymoy and 125 DKK between the two arms of Skálafjørður.
75 DKK are around 10 EUR. With an estimated 6,000 cars per day, thats 60,000 EUR per day. At this rate, the tunnel will have paid for itself (if maintenance cost is excluded) after 8 years.
[0] https://en.wikipedia.org/wiki/Eysturoyartunnilin https://en.wikipedia.org/wiki/Eysturoyartunnilin
- trhway 6y ago>the tunnel cost roughly 175M euros 17M/km - that is the key. It is couple orders of magnitude cheaper than in some other places. Or compare to just road, not tunnel, building: https://www.rbth.com/articles/2010/10/20/what_drives_russias_astronomical_road_costs05041.html#:~:text=However%2C%20the%20Russian%20costs%20of,at%20the%20Russian%20Transport%20Ministry https://www.rbth.com/articles/2010/10/20/what_drives_russias.... "However, the Russian costs of road building are among the highest in Europe, with each mile of road costing $10.5 million." and the 20km Crimean Bridge cost almost $4B. If they tried tunnel instead of bridge, i suppose that would have added another order of magnitude :)