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
George Wallace Tunnel built in sections and floated to the proper positions, then sunk. Each section was sunk next to the previous section and joined underwater. When all sections were connected, and concrete set into place, they were pumped dry and finished out. The depth of clearance is 40 ft (12.2 m) for the ship channel over the tunnel. This is the same clearance as the older Bankhead Tunnel. The tunnel was officially opened to traffic on February 9, 1973, after $50 million ($275.6 million in 2017 dollars) was spent to construct it. It was named after George Wallace, the Governor of Alabama