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Home BUSINESSGovt to invest in Sokli project
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Wed, 04 Feb, 2015 12:04:46 AM
FTimes – STT Report, Feb 4
File picture of the project site in Sodankylä. Photo Lehtikuva.
The government is ready to participate in the transport project proposed by the Norwegian company Yara International ASA. The Cabinet Committee on Economic Affairs concluded the matter on Tuesday.
Yara proposed that the phosphorous from the planned Sokli mining project be transported by road to Kemijärvi and further by train to Gulf of Bothnia ports.
The earlier proposal of constructing a railway to Sokli was deemed unprofitable.
The state will be responsible for the road project investments in 2015-2018.
Yara mining company on its part will be responsible for the necessary terminal investments in Kemijärvi.
According to Yara, the whole mining investment will amount to around a billion euros.
This includes investment in transport network estimated at 140 million euros.
Next, Yara will update the train option based on feasibility studies to meet the road-train option.
In principle, the implementation of the project can be done in late summer. However, the final decision will be made only after all the mine-related permits are in order.
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