Economy

Norway's Rogfast tunnel cost reaches $2.4 billion

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In brief

Projected cost overruns have led to the suspension of some contractor agreements on the undersea road link. Completion is expected by 2033.

The cost of building Norway's Rogfast undersea road tunnel has reached $2.4 billion, UNIAN reported, citing CNN. Projected cost overruns prompted the suspension of contracts with some contractors; UNIAN did not name them or specify when the suspensions occurred.

Construction began in 2018 and has periodically stopped because of funding problems, according to the report. The tunnel is expected to be ready by 2033.

The project is intended to provide a faster, more reliable connection between the Stavanger and Haugesund regions on Norway's west coast, according to Anne Brit Moen, a project manager at Skanska. The company is building the tunnel's northern section.

Rogfast is designed with two separate tubes, each carrying two lanes, and will reach 392 metres below sea level at its deepest point. Workers are already operating 300 metres below sea level and said they had encountered saltwater leaks but had managed to seal them.

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