The Helsinki City Council decided at its meeting of 25 March that the City of Helsinki join as a shareholder the project development company Turun Tunnin Juna Oy, which implements project planning for a rail connection between Helsinki and Turku, and that the City join the project development company Suomi-Rata Oy, which implements project planning for a rail connection between Helsinki and Tampere.
The City subscribes to shares in the Turku railway development company to be founded, or otherwise injects capital into the company, by the total amount of no more than 5.9 million euros. The City injects 24 million euros of capital into the Tampere railway development company.
According to the proposal approved by the City Council, the call for sustainable development, the battle against climate change and economic conditions require comprehensive change in mobility and logistics. Needs for change and for improvements in fast rail connections are also intensified by urbanization, which has accelerated in the 2000s. Urbanization is focused in easy-to-reach university cities at both national and international levels.
A shift in transport flows to rail transport would have a significant positive affect on the climate and would generate economic growth. The rail connections would also create opportune locations for new housing development.
All City Council decisions of 25 March are published in the decisions release (in Finnish).