Wednesday, March 21, 2018

New Silk Road - The Northeast Passage

Finland and Norway want to connect the Finnish city of Rovaniemi and the port city of Kirkenes, located in the far north of Norway, with a railway line. The approximately 500-kilometer long track would be the first link between an EU state and an Arctic port. The cost of the project is estimated at 3.6 billion euros. Experts expect a construction period of around ten years. The connection is scheduled to go into operation in 2030.

Finnish Transport Minister Anne Berner said that the railway will be connected to the tunnel to be built between Helsinki and the Estonian capital Tallin. Tallinn also plans to build a railway route to Warsaw. In this way, in a little more than ten years, a modern rail link between the extreme north of Europe and the east of central Europe will exist.

The route could also gain importance for European-Asian trade. Due to climate change, the Arctic Ocean north of Siberia is increasingly passable for shipping. In August 2017, Russian gas anchor Christophe de Margerie tackled the 11,000-kilometer route between the extreme north-west of Russia and South Korea in a record time of 19 days, with no icebreaker escort. If the ship had taken the usual route through the Suez Canal, it would have had to cover exactly twice the number of kilometers with 22,000.

You can read the rest @
https://deutsche-wirtschafts-nachrichten.de/2018/03/20/eisenbahn-zur-arktis-nordeuropaeer-suchen-anschluss-an-china/

While the US is whining about climate change and doing little or nothing to prepare for it, many Europeans are taking advantage of the inevitable.

It would not surprise me if much of the EU decided to dump the US in the not too distant future. Exactly what do we do that benefits them?

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