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

15.3.2019

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 has studied this alternative more closely. According to the study, transport volumes are not sufficient to make the investment feasible at the moment. However, changes for example in the costs of different transport modes or in the region’s business and industry may significantly change the situation.

In the best scenario, an Arctic Railway from Rovaniemi to Kirkenes along with the Helsinki-Tunnel and Rail Baltica could be significant for entire Europe by opening a fast connection from Central Europe to Northern Europe and further to Asia via the Northern Sea route. To gain feasibility, the Arctic railway should be planned to link optimally with these other infrastructure projects.

Simultaneously authorities in Lapland are planning the Arctic Railway line from Rovaniemi to Kirkenes. This process should take 2-3 years, and is expected to be finalised in 2021.

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