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It's an idea which has been touted for a while; tunnelling between Alaska and Chukotka via the Diomede islands. Apparently Khruschev and Kennedy spoke about a 'Peace Bridge' connecting the 2 powers.

According to the article, the projects head(?) said traditionally it'd cost $65bil, but Musk's Boring Company could bring it down to 8.

Wonder if geopolitically, the USA is worried about China making moves in the Russian Far East, and wants to get ahead of the game.

The infrastructure involved in hooking up Chukotka to the rest of Russia would be mammoth, and probably quite revolutionary for the area.

Why? Not a great place to live or drive, do we do significant trade or will it make the odd invasions easier?
Americans have departed Kyiv. Moscow's military plan in the special military operation is very likely to strike Kyiv very hard in escalation dominance chess move from the three wave drone attack on teenagers asleep at a boarding school.
Who are they telling those fairy tales to, even opening Trump Tower in Moscow is more realistic
As neither side has year-round road access, it’s to be the rare road both to and from nowhere. The only commodity worth infrastructure would be oil.

Conclude this is to be in reality either pipedrem or pipeline.