Edit: we will be looking at journey times of about 170 minutes from Zurich to Milan AFTER the tunnel opens.
The article says "... the journey time for travellers between Zurich and Milan will be reduced by an hour to two hours and 40 minutes."
I cross-checked that with http://www.nbcnews.com/news/world/switzerland-s-gotthard-tra... ("reducing the journey times between Zurich, Switzerland, and Milan, Italy, from just over four hours to two-and-a-half hours") and http://content.time.com/time/business/article/0,8599,2026369... ("the journey time of three hours and 40 minutes from Zurich to Milan on the Cisalpino tilting train will be cut by an hour".)
You can see these all give a time of over 150 minutes using the tunnel, not 111 minutes. They all agree it's a savings of about an hour.
http://www.24heures.ch/suisse/Le-tunnel-de-base-du-Gothard-r...