Government wants Northern Sea Route be cheaper than Suez Canal - Transport & Automobile - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Government wants Northern Sea Route be cheaper than Suez Canal

MOSCOW, Mar 31 (PRIME) -- Deputy Prime Minister Yury Trutnev has ordered the Far East Development Ministry, the Transport Ministry, and state nuclear power corporation Rosatom to analyze the cost of cargo transportation through RussiaТs Northern Sea Route and make it cheaper than the Suez Canal, Trutnev told reporters on Wednesday.

УI asked the Far East Development Ministry, the Transport Ministry, and Rosatom to hold a joint economic analysis. We have to make the cost of cargo transportation through the Northern Sea Route at least equal or lower, which would be even better, than the Suez Canal,Ф he said.

So far, transportation through the Northern Sea Route is about 30% more expensive than through the Suez Canal as the route is shorter. If state support is necessary, it should be provided, he said.

УIt is impossible for us to make a large project generate profit immediately after its launch. We will have to invest money for some time after that. It is a common situation for any investment project. This is why we have to promote the project at the initial stage,Ф he said.

End %%md/jst%%

31.03.2021 13:56
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 90.4602 -1.7705 17 apr
USD 75.5535 -1.4273 17 apr
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 3594.19 +0.72 17:50 16 apr
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 234.63 -0.29 23:49 16 apr
lkoh 6054.50 -1.30 23:49 16 apr
rosn 556.50 +0.80 23:49 16 apr
sber 283.72 -1.20 23:49 16 apr
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 90.9300 -1.3125 14:59 16 apr
USDTD 76.2475 +0.6525 17:44 16 apr