In 1991, the Danish and Swedish governments signed an agreement to establish a fixed link across the Øresund. The agreement was ratified by the two countries' parliaments in August of the same year. Øresundskonsortiet, a joint venture between A/S Øresund and Svensk-Danska Broförbindelsen SVEDAB AB, constructed the permanent link between Sweden and Denmark. The project comprises a 16.4km (10-mile) link between Copenhagen and Malmö consisting of a tunnel, a bridge and an artificial island.
In May 2003 the Øresund Bridge won the IABSE Outstanding Structure Award. The judges commended the project for its innovative planning, design and construction management as well as its compliance with the time schedule, budget and tough environmental requirements.