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 France's transfer from its opening stages in Britain to France in July of that year, Chris Froome of Team Sky rode a bicycle through the service tunnel, becoming the first solo rider to do so. The Crossing took under an hour, reaching speeds of –faster than most cross-channel ferries. Since 2012, French operators Bouygues Telecom, Orange and SFR have covered Running Tunnel South, the tunnel bore normally used for travel from France to Britain. In January 2014, UK operators EE and Vodafone signed ten-year contracts with Eurotunnel for Running Tunnel North. The agreements will enable both operators' subscribers to use