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The Minister of Natural Resources announced the doubling of cargo turnover along the Northern Sea Route - EastRussia | Far East

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The head of the Ministry of Natural Resources announced the doubling of cargo turnover along the Northern Sea Route

The head of the Ministry of Natural Resources announced the doubling of cargo turnover along the Northern Sea Route
Photo: pixabay.com

The volume of freight traffic along the Northern Sea Route (NSR) by 2034 can grow to 157 million tons. Such a forecast in his column of the journal "Energy Policy" gave the Minister of Natural Resources and Ecology of Russia Dmitry Kobylkin.

According to him, the project “Realization of the mineral and raw materials and logistics potential of the Arctic” involves almost 11 trillion rubles of private investment until 2030 and an increase in freight traffic along the Northern Sea Route from 2034 to 157 million tons.

As the RBCKobylkin noted that many experts doubt these figures, however, the minister has no doubts - the agency under his control calculates only the volumes of transported minerals and products of their processing, however, shipments of Ural plants and agricultural cargo will be transported.

In October, Deputy Minister for Development of the Far East Alexander Krutikov said that the volume of freight traffic along the Northern Sea Route by 2024 in the year would be 80 million tons, and by 2030 the year could reach 120 million tons. Now transporting goods through the Northern Sea Route is more expensive for carriers than a similar route through the Suez Canal. To make the way through the Arctic more popular, Russia is ready offset part of the costs.