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 reading of the Channel Tunnel Bill took place in the House of Commons, and was carried by 94 votes to 22. The Channel Tunnel Act gained Royal assent and passed into law in July. Parliamentary support for the project came partly from provincial members of Parliament on the basis of promises of regional Eurostar through train services that never materialised; the promises were repeated in 1996 when the contract for construction of the Channel Tunnel Rail Link was awarded. The tunnel is a build-own-operate-transfer (BOOT) project with a concession.<ref name="Flyvbjerg p. 96/97">Flyvbjerg et al. pp. 96–97</ref> TML would design and