167:, all of which was financed by debt taken up by the partially publicly owned company Ålesund og Giske Tunnel- og Brusamband AS. The fixed link received a concession to collect tolls for 22 years. The project was built in a period with much optimism, and the banks were more than willing to lend large sums for the project. However, by the time the project was finished, the interest rate had increased to 16.5%, and the toll company could not pay the interest, let alone the
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218:, which included better fire protection. During parts of the reconstruction, the tunnels were closed and a ferry was put into service from Ålesund to Valderøya and Ellingsøya.
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214:. An upgrade in 2008 and 2009 of the Ellingsøy and Valderøy tunnels was completed on 10 October 2009. The upgrades cost 448 million
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on 20 October 1987. The Godøy Tunnel opened two years later. The project was among the first subsea tunnels in Norway.
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Herskedal, Kjell (24 October 2009). "Gratis å kjøre Ålesundtunnelene fra søndag" (in
Norwegian).
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When the tolls were removed on 25 October 2009, drivers had paid 1.37 billion
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The two first tunnels, Ellingsøy and Valderøy, and the Giske Bridge were opened by
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went bankrupt in the early 1990s. Other banks that have lost capital include
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between Ålesund and
Ellingsøya, the 4,222-meter (13,852 ft) long
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136:. The fixed link opened between 1987 and 1989, and was financed as a
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island. Valderøya was already connected by bridge to the island of
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in the background to the right, and to the left onwards to
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in outstanding debt. As the tunnels are owned by the
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96:to the mainland and the island city of
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163:The project cost 780 million
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297:Road tunnels in Møre og Romsdal
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307:Former toll roads in Norway
142:Norwegian National Road 658
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302:Norwegian County Road 658
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292:Subsea tunnels in Norway
140:. The link is part of
134:Ålesund Airport, Vigra
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240:Norwegian News Agency
192:Bankenes Sikringsfond
66:), also known as the
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268:62.4904°N 6.1727°E
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122:Giske Bridge
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86:municipality
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22:Giske Bridge
271: /
158:King Olav V
82:archipelago
286:Categories
256:62°29′25″N
222:References
204:Fokus Bank
120:, and the
94:Ellingsøya
78:fixed link
259:6°10′22″E
138:toll road
110:Valderøya
60:Norwegian
45:Ellingsøy
24:connects
76:), is a
30:Valderøy
196:DnB NOR
152:History
98:Ålesund
41:Ålesund
200:Nordea
312:Giske
130:Vigra
126:Giske
118:Godøy
90:Giske
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28:with
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