The Northern Latitudinal Passage Construction of the Megaproject is Facing Financial Problems
Abstract
The large-scale infrastructure project "Northern Latitudinal Passage" enables the transportation of cargo from Yamal fields. The project is aimed at the development, settlement, and expansion of new territories endowed with significant natural resources. The new road will make the development of several large deposits in the region, currently considered difficult to access, profitable. The Northern Latitudinal Passage, a project for decades called "the backbone of Arctic logistics," has once again encountered a harsh reality: a funding shortage and a three-year suspension of the concession agreement. This article analyzes this project from its inception and examines the financial challenges it has faced to date.
Fields of Study & Subjects
Arctic and Russian Policy Studies
Economic and Technological Developments in Russia
Public-Private Partnership Projects
Publication details
- Journal / source
- Bulletin of Science and Practice
- Volume
- 12
- Issue
- 3
- Pages
- 133–137
- Publication date
- 12 March 2026
- Language
- RU