Where is it? $7 Billion - Narrow Freight ..LOL!
Author: Ferry Swan Song
Date: 01-23-2024 - 17:39
"The necessity for the project was questioned at times during construction, as the 1971 traffic predictions were overestimates. Instead of the traffic rate increasing as predicted to a peak in 1985, it peaked earlier in 1978 and then proceeded to decrease. The decrease was attributed to the slowdown in Japan's economy since the first oil crisis in 1973 and to advances made in air transport facilities and longer-range sea transport."
"The tunnel was opened on 13 March 1988, having cost a total of ¥1.1 trillion (US$7 billion) to construct, almost 12 times the original budget, much of which was due to inflation over the years."