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Traffic volumes along Northern Sea Route to exceed 100 mln tons by 2025 — ministry

The plan for the development of the NSR was approved until 2035

YAKUTSK, November 23. /TASS/. Traffic volumes along the Northern Sea Route is expected to exceed 100 million tons in three years, and 200 million tons by 2030, Alexey Chekunkov, head of the Ministry for the Development of the Russian Far East, told reporters on Wednesday.

"The volume of traffic along the Northern Sea Route should exceed 100 million tons in three years, and 200 million tons by 2030," he said.

The minister noted that the development of the Northern Sea Route is in fact Russia’s main economic project.

The plan for the development of the NSR was approved until 2035. It is planned to allocate 1.8 trillion rubles ($29.7 bln) from various sources for its implementation.

The Northern Sea Route is a shipping route and the main sea line in the Russian Arctic sector. It stretches along the northern coasts of Russia across the seas of the Arctic Ocean (Barents, Kara, Laptev, East Siberian, Chukchi and Bering seas). The route consolidates the European and Far Eastern ports of Russia and navigable river mouths in Siberia into a single transport system. The route’s length is 5,600 km from the Kara Strait to Providence Bay.

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