Japan–Korea Undersea Tunnel at about ₩100 trillion (approx. US$90 billion), which would produce an extremely low benefit-to-cost result. In 2014, the South Korean Busan Development Institute estimated the undersea tunnel could create ₩54 trillion won (원54T, or US$53 billion) in economic benefits and provide about 45,000 jobs. In an April 2009 editorial, former Justice Ministers Daizō Nozawa of Japan and Kim Ki Chun of South Korea remarked on some of the similarities of the proposed Japan–Korea tunnel to the world's present longest undersea tunnel. The Channel Tunnel runs for 50.45 km linking the United Kingdom and France, and opened in May 1994: At
Channel Tunnel advise on financing and secure loan commitments. On 2 July 1985, the groups formed Channel Tunnel Group/France–Manche (CTG/F–M). Their submission to the British and French governments was drawn from the 1975 project, including 11 volumes and a substantial environmental impact statement. The design and construction was done by the ten construction companies in the CTG/F-M group. The French terminal and boring from Sangatte was undertaken by the five French construction companies in the joint venture group "GIE Transmanche Construction". The English Terminal and boring from Shakespeare Cliff was undertaken by the five British construction companies in the "Translink Joint Venture".