The Arctic Corridor is a global economic region as well as a transport and development corridor. It connects Finland and Europe to the deep-water ports of the Arctic Ocean, large production areas of oil and gas and the western end of the Northern Sea Route.

MAIN DRIVERS

Arctic Corridor offers businesses and investors an opportunity to get involved with major projects in Arctic Europe.

Oil and gas

An estimated 20-30 % of the world’s untapped gas reserves and 5-13 % of oil reserves are located in Arctic Regions. Recently Norwegian Petroleum Directorate doubled its estimate of undiscovered oil and gas resources in its region of Arctic Barents Sea.

Arctic ore fields

Fennoscandian Shield has a long, diverse geological history and a high potential for discovering new ore deposits. For example in 2012 opened Kevitsa mine in Sodankylä is already Finland’s largest in terms of volume quarried. The nearby Sakatti deposit is expected to be significantly richer in ore concentration.

Northern Sea Route

Northern Sea Route (NSR) is around one third shorter than other sea routes between Europe and Asia. This saves both time and expenses. While the transit traffic along the NSR is still low, the destination traffic is significantly increasing up to estimated 38 Mt in 2020 and 80 Mt in 2030.

Arctic Railway

The missing part from the railway route between the Mediterranean to the Arctic Ocean is the gap between Rovaniemi and Kirkenes. Cost estimate for this Arctic Railway Project is €3 billion. If cargo flows are sufficient, the building of the railway could start in early 2030's.

Please have a look at a promotion video of this missing railway link below!

News

Planning of the Arctic Railway route has started

14.09.2017

Finnish Transport Agency together with Norwegian railway authorities have started a study in order to explore the possibilities of constructing the Arctic Railway and to examine its profitability. The study is expected to be completed by 28 February 2018. Simultaneously authorities in Lapland have started the planning of the Arctic Railway line from Rovaniemi to Kirkenes. This process will take 2-3 years, yet first results should be ready before summer 2018.