The Fehmarnbelt link is user-financed. Revenue from traffic through the Fehmarnbelt tunnel will be used to repay the loans raised to finance the construction. In short, those who use the link will pay for it, which is the same model that has financed the Storebælt and Øresund fixed links.
The cost of using the Fehmarnbelt tunnel will be decided by Denmark’s Transport Minister immediately prior to the opening of the link.
In the spring of 2020, the Fehmarnbelt link’s financing model was approved by the EU Commission. The latest financial analysis from November 2020 can be found here.
The Fehmarnbelt link’s overall financial framework of DKK 55.1 billion (2015 prices) was determined in the 2015 Construction Act. Of this, DKK 7.3 billion is reserves.
The amount of reserves has been determined by the professional services firm, EY, based on a thorough external audit of the risks and economics of the project. The report is available on the Ministry of Transport’s website. Read here.
A European project
The EU plays an important role in the modernisation of European infrastructure. EU Member States see this improvement as a precondition for an efficient internal market and for the green transition across the EU.
It is why the European Commission is supporting the Fehmarnbelt project through the Connecting Europe Facility (CEF) programme.
The project has so far been granted DKK 4.4 billion. (EUR 589 million) and the associated railway hinterland facilities have received DKK 870 million (EUR 117 million).
Denmark anticipates further support for the project under the current CEF programme, which runs from 2021 to 2027.