Cargo traffic along the Northern Sea Route will amount to 250 million tons by 2035, according to Special representative of the Rosatom State Corporation for Arctic Development Vladimir Panov.
"By the middle of the next decade, cargo traffic along the Northern Sea Route will be comparable to the carrying capacity of the Eastern territory and will amount to 250 million tons. At the same time, the cost of developing the Northern Sea Route is up to ten times cheaper per ton of cargo transported, and, in general, the Northern Sea Route is one of the most efficient transport projects in Russia," the expert said at the Atomexpo–2024 forum as cited by b-port.com.
According to him, it is still premature to talk about competition with the Suez Canal, since the main cargo on the Northern Sea Route will be products of Arctic projects. Nevertheless, the main maritime communication in the Arctic has already become an integral part of the national logistics infrastructure, Panov pointed out.
Alex Shishlo for Rough&Polished
