This document discusses submerged floating tunnels (SFTs), which are tubular structures that float under water and are balanced by buoyancy, weight, and anchoring cables. SFTs allow for tunnels in extremely deep water and can be very long without compromising stability. The key components of an SFT are the tube, anchoring system, and shore connections. Tubes are made of prefabricated sections that are assembled on dry dock and sunk into place. SFTs have advantages over conventional bridges and tunnels like being invisible above water and providing very low gradients for traffic. A case study describes a proposed transatlantic tunnel between North America and Europe using SFT technology.