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
Byfjord Tunnel at its lowest point. The tunnel held the distinction of being Europe's longest and the world's deepest tunnel upon its completion, it was surpassed by a deeper tunnel in 1994 and a longer tunnel in 1999. The tunnel had an average daily traffic of 9,675 vehicles in 2015. Byfjord Tunnel The Byfjord Tunnel () is a subsea road tunnel in Rogaland county, Norway. The long tunnel runs between Grødem on the mainland in Randaberg and the island of Sokn in Rennesøy municipality, running underneath the Byfjorden. The tunnel was built as part of the Rennesøy Fixed Link project which opened