Putin Plans to Propose Russia-U.S. Tunnel

"The 64-mile tunnel would run under the Bering Strait between Chukotka, in the Russian far east, and Alaska; the cost is estimated at £33 billion."

"Roman Abramovich, the owner of Chelsea football club and governor of Chukotka, has invested £80m in the world’s largest drill but has denied that it is linked with the development."

"Proposals for such a tunnel were approved by Tsar Nicholas II in the early 20th century but were abandoned during the Soviet era. If finally built, the tunnel would allow rail connections between London and New York."

"A Kremlin spokesman confirmed last week that Putin seeks to build “a real bridge” between Russia and America when he meets Bush at the Black Sea resort of Sochi."