Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Historic tunnel created under the Alps to connect Italy and Austria
    Finance

    Historic tunnel created under the Alps to connect Italy and Austria

    Published by Global Banking & Finance Review®

    Posted on September 18, 2025

    2 min read

    Last updated: January 21, 2026

    Image of On Holding's athletic footwear promotions, highlighting their new Cloudsurfer Max and Cloudboom Max models. This visual reflects On's strategy to enhance sales and capture market share in the competitive sneaker industry.
    Sneaker brand On's promotional products showcasing athletic footwear - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:sustainabilityinfrastructure financingEuropean economiesTransportation Sectorfinancial community

    Quick Summary

    The Brenner Base Tunnel, a high-speed rail link under the Alps, connects Italy and Austria, aiming to shift freight from road to rail and reduce pollution.

    Table of Contents

    • Brenner Base Tunnel Overview
    • Significance of the Tunnel
    • Projected Costs and Timeline
    • Impact on Freight Traffic

    New High-Speed Rail Tunnel Breaks Ground Between Italy and Austria

    Brenner Base Tunnel Overview

    ROME (Reuters) -Workers broke through a final, thin veil of rock on Thursday, opening an underground tunnel between Austria and Italy that will eventually become a high-speed rail line linking the north and south of Europe.

    Significance of the Tunnel

    The Brenner Base Tunnel, which is being billed as the world's longest underground rail connection, is a centrepiece of a European Union drive to shift freight off the roads and onto rail, to cut pollution and boost cross-border trade.

    Projected Costs and Timeline

    "Today we are taking together a decisive step for the construction of one of the largest infrastructure works in the entire continent," Italian Prime Minister Giorgia Meloni said at the rock breaking ceremony.

    Impact on Freight Traffic

    "It is a historic day ... for Italy, for Austria, and for the whole of Europe."

    The link will be the first dedicated rail tunnel directly connecting Austria and Italy. It is due to open in 2032, about 16 years behind schedule, and is set to cost 8.5 billion euros ($10 billion) - about 2.5 billion above budget.

    The tunnel will stretch 55 km (34 miles) when complete, extending to 64 km by hooking up to an existing underground link into Innsbruck. It will cut journey times between Fortezza in Italy to Innsbruck to less than 25 minutes from 80 minutes.

    The Brenner Pass is one of Europe's busiest mountain crossings used for freight transport. Each year, more than 2.5 million trucks, 14 million vehicles and 50 million tonnes of goods cross the Alpine pass, choking local communities.

    Currently, around 70% of trans-Alpine freight traffic through the Brenner travels by road, with only 30% by rail - a balance the tunnel aims to reverse.

    However, the hoped-for impact of the new link could be undermined by Germany, which accounts for a significant amount of road traffic through the Alps, but has not finalised crucial northern access routes to hook up with the Brenner tunnel.

    (1 = 0.8501 euros)

    (Reporting by Crispian Balmer; additional reporting by Francois Murphy in Vienna; Editing by Andrew Heavens)

    Key Takeaways

    • •The Brenner Base Tunnel will be the world's longest underground rail connection.
    • •It aims to shift freight from road to rail, reducing pollution.
    • •The tunnel will connect Austria and Italy directly by rail.
    • •Scheduled to open in 2032, the project is over budget.
    • •Germany's delay in northern access routes may impact effectiveness.

    Frequently Asked Questions about Historic tunnel created under the Alps to connect Italy and Austria

    1What is the Brenner Base Tunnel?

    The Brenner Base Tunnel is a major infrastructure project under construction to connect Italy and Austria, aiming to facilitate high-speed rail travel and reduce road freight traffic.

    2What is the significance of the Brenner Pass?

    The Brenner Pass is one of Europe's busiest mountain crossings for freight transport, with millions of trucks and vehicles crossing annually, contributing to pollution and traffic congestion.

    3What are projected costs for the Brenner Base Tunnel?

    The Brenner Base Tunnel is projected to cost approximately 8.5 billion euros, which is about 2.5 billion euros over budget, and is expected to open in 2032.

    4What is the goal of the European Union regarding freight transport?

    The European Union aims to shift freight transport from roads to rail to reduce pollution and enhance cross-border trade efficiency.

    More from Finance

    Explore more articles in the Finance category

    Image for Greenland foreign minister says US talks are positive but the outcome remains uncertain
    Greenland foreign minister says US talks are positive but the outcome remains uncertain
    Image for Hungary's opposition Tisza promises wealth tax, euro adoption in election programme
    Hungary's opposition Tisza promises wealth tax, euro adoption in election programme
    Image for Farmers report 'catastrophic' damage to crops as Storm Marta hits Spain and Portugal
    Farmers report 'catastrophic' damage to crops as Storm Marta hits Spain and Portugal
    Image for If US attacks, Iran says it will strike US bases in the region
    If US attacks, Iran says it will strike US bases in the region
    Image for Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Image for Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty
    Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty
    Image for NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    Image for Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Image for US pushes Russia and Ukraine to end war by summer, Zelenskiy says
    US pushes Russia and Ukraine to end war by summer, Zelenskiy says
    Image for Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Image for Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Image for The Kyiv family, with its pets and pigs, defying Russia and the cold
    The Kyiv family, with its pets and pigs, defying Russia and the cold
    View All Finance Posts
    Previous Finance PostDiamond selling processes are outdated and hurting producers, trader says
    Next Finance PostTop German conservative floats broadcaster fee freeze over snub to journalist