Detroit — A consortium of private and public investors is looking into a plan to build a new railroad tunnel running beneath the Detroit River.

Announcement of the plan was made today by the Windsor Port Authority, the Canadian Pacific Railroad and the Borealis Infrastructure, a division of the Ontario Municipal Employees Retirement System.

According to the newly formed Continental Rail Gateway (CRG) consortium, the new tunnel would cost $400 million and would take three years to construct.

From The Detroit News: http://detnews.com/article/20100617/METRO/6170450/Group-considers-new-rail-tunnel-under-Detroit-River#ixzz0tNcs9e4z