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. Building of the railway could start as soon as in the 2020's.

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

News

Rovaniemi-Kirkenes preferred Arctic Railway option in Finland and Norway

9.3.2018

Finnish and Norwegian Ministries of Transport have decided that Arctic Railway route from Rovaniemi to Kirkenes is the most realistic routing for a railway from Europe to Arctic Ocean. A special Task Force group will study this alternative more closely by the end of year 2018. Goal is to have railway built by 2030 said Finnish Minister of Transport Anne Berner.

Simultaneously authorities in Lapland are preparing the Arctic Railway line from Rovaniemi to Kirkenes. This process will take 2-3 years, yet first results should be ready before summer 2018.