Burst Turbo Coolant Tube on my 08 535xi

[GavinMcKay]

I was driving one day when suddenly tons of steam started coming from my engine bay. I pulled over and after a couple of minutes it stopped. I checked and sure enough my coolant was bone dry. I got it towed home, and put some water in it to find where the leak was at, and it like instantly poured out. I finally narrowed down the spot which it was coming from to here
I believe that it is one of the coolant lines for the turbo. Can anyone confirm this and give me some advice on how to fix it?