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
Waterloo Tunnel Waterloo Tunnel The Waterloo Tunnel in Liverpool, England, is a former railway tunnel, long, which opened in 1849. Its western end was at 53.414829, -2.994385, underneath Pall Mall. From here the line continued under Great Howard Street to Waterloo Goods railway station, now the site of the Kingsway Tunnel Ventilation Shaft, after 1895 continuing beyond to the dock railway system and on to Liverpool Riverside at the Pier Head for direct connection to the passenger liners. The eastern end opens into a short () cutting, four tracks wide between Byrom Street and Fontenoy Street, which connects to the Victoria Tunnel,