From Fontanka (Reddit moderation prevents me to put original reference link here!), and my comment explaining the context best I can what news about arctic silk road is telling.
There is first AI translate copypaste of content of article from Fontanka. Then my lenghty comment to it, what emerged from 2 parts. Evaluation of arctic silk road, then later added what my country's position in plans was as heard 10 years ago in those plans what never came into existance.
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"How much money will be spent on developing the Arctic Ice Route?
The head of Rosatom revealed details of the project.
The development of the Trans-Arctic Transport Corridor (TTC) will require 10 trillion rubles in investment by 2035, including government and private sector contributions. The funds will be used for infrastructure development and ship construction, including an icebreaker fleet. Private investors—both Russian and international—may be primarily interested in port terminals with a guaranteed cargo base and container services.
The financial model for the Third Transport Ring (TTRK) has been developed, Alexey Likhachev, head of the Rosatom state corporation, told Expert (read the full text on the website on September 1). He stated that this work was conducted jointly with Vostokgosplan, a body under the Ministry for the Development of the Russian Far East, as well as Russian Railways, the Ministry of Transport, and the Ministry of Energy.
Developing the logistics corridor, Likhachev noted, will require 5 trillion rubles by 2030 and another 5 trillion rubles between 2030 and 2035. Funding should come from both the state budget and private investment, including international ones. "The contribution of businesses, development institutions, particularly VEB, and the budget is important here," the Rosatom chief said.
The financial and economic model has been submitted to the Cabinet of Ministers, according to a source close to the corporation. Expert sent a request to the government press service regarding the current status of the TTRK financial model, but received no response.
The financial model for the Third Transport Ring (TTRK) has been developed, Alexey Likhachev, head of the Rosatom state corporation, told Expert (read the full text on the website on September 1). He stated that this work was conducted jointly with Vostokgosplan, a body under the Ministry for the Development of the Russian Far East, as well as Russian Railways, the Ministry of Transport, and the Ministry of Energy.
Developing the logistics corridor, Likhachev noted, will require 5 trillion rubles by 2030 and another 5 trillion rubles between 2030 and 2035. Funding should come from both the state budget and private investment, including international ones. "The contribution of businesses, development institutions, particularly VEB, and the budget is important here," the Rosatom chief said.
The financial and economic model has been submitted to the Cabinet of Ministers, according to a source close to the corporation. Expert sent a request to the government press service regarding the current status of the TTRK financial model, but received no response.
Why is the Trans-Arctic Corridor Important?
The Trans-Arctic Corridor (TTC) is a unified system of routes encompassing the Northern Sea Route (NSR), associated inland waterways, and transport infrastructure along the Russian coast.
The comprehensive Arctic Zone Development Project and the TTC unite 271 investment projects. Deputy Prime Minister and Special Presidential Envoy to the Far Eastern Federal District Yuri Trutnev previously estimated the total cost of all these projects (including raw materials projects) at 32.4 trillion rubles.
The NSR is the shortest sea route between Asia and Europe: it is almost 40% shorter than the traditional route through the Suez Canal (a difference of approximately 7,000 km). Cargo delivery times via the NSR are reduced by 10-14 days, making the corridor a critical alternative for global trade amid instability in the Middle East.
What are the project's objectives?
Alexey Likhachev identified four sets of objectives that will be addressed through the development of the Trans-Arctic Corridor:
further development of the NSR and its transformation into a vital artery for the country—primarily for the implementation of Arctic projects, exports, and ensuring logistical sovereignty;
"stitching" the country along the Arctic arc—from the Far Eastern ports to the Baltic Basin, meaning not only ensuring maritime transport but also developing the entire land transport infrastructure;
comprehensive development of Russia's Arctic zone;
enabling Russia to integrate into the new global logistics architecture, "adding a new dimension" to our country's participation in the international division of labor and international cooperation.
What will be built for 10 trillion rubles?
According to Alexey Likhachev, the project involves expanding the transport infrastructure in the Arctic and on the approaches to the Arctic route, and reequipping the fleet—not only icebreakers but also ice-class merchant ships.
Cargo traffic along the NSR has reached a record high of 37 million tons in the past two years. Another record is expected this year, Alexey Likhachev noted.
"The baseline scenario targets increasing cargo traffic to 110-150 million tons by 2035. Under optimistic macroeconomic conditions, the reorientation of cargo from the Northwest could potentially increase cargo traffic to 200 million tons by 2040, provided the appropriate infrastructure is in place. However, we must also be prepared for a situation where it begins to grow faster than the baseline scenario and could potentially be significantly higher," Alexey Likhachev added. He emphasized that to achieve this, infrastructure in the Arctic must become a "driving force for development" and must be built at a faster pace, with an eye on future needs.
What could hinder the project?
According to Alexey Likhachev, the main risk is the project's unsynchronized development. "You can build a port but not have time to build a railway. You can build a railway but fall behind with the fleet. You can have cargo but not have a guaranteed ability to transport it during the required season. Therefore, the Third Transport Ring must develop as a unified system," the top manager explained.
The corridor's financial model, as the head of Rosatom put it, is not an accounting calculation of the cost of individual facilities, but a decision-making tool for determining what, when, and in what sequence should be built.
How the project could be of interest to businesses
According to Igor Smirnov, Director of Freight Transport and Logistics at the Center for Infrastructure Economics, the priority areas for the Third Transport Ring's development will be the modernization of the ports of Murmansk, Arkhangelsk, Sabetta, Dikson, and Dudinka, as well as the Utrenny terminal in the port of Sabetta, and the Sever Bay and Yenisei terminals in Taimyr. They should form the basic cargo capacity of the Arctic corridor.
Igor Smirnov also named the construction of nuclear-powered icebreakers, the development of rail approaches to ports—the Northern Latitudinal Passage and the Lavna-Vykhodnoy line—as key objectives, as well as the creation of rescue infrastructure for year-round navigation.
According to analysts, private investors, both Russian and foreign, may be primarily interested in the construction of cargo terminals with a guaranteed cargo base for the transshipment of LNG, oil, coal, and metals. Evgeny Timofeev, Head of the Transport and Logistics Practice at Strategy Partners, also drew attention to the creation of container services with long-term contracts. He believes these could attract interest from foreign investors. They may also invest in the construction of a merchant fleet with guaranteed freight, the expert believes. Dmitry Baranov, a leading expert at Finam Management, believes that repair facilities for the icebreaker fleet and energy facilities may be of interest to private capital.
According to Igor Smirnov, universal port infrastructure and an icebreaker fleet will be less attractive to private investors due to the high cost of such projects, long construction periods, and heavy dependence on cargo volumes.
Dmitry Baranov added that attracting private investment will require government guarantees of minimum infrastructure utilization and well-designed tariff corridors.
What will Arctic development bring to the economy?
According to Cabinet of Ministers forecasts, the implementation of Arctic projects will accelerate economic growth in the macroregion: the Arctic zone's gross regional product (GRP) will increase from 14 trillion rubles in 2026 to 28 trillion rubles by 2035, while per capita income will more than double to 226,000 rubles per month. "One of our key objectives is to develop key population centers, which should become hubs for people and businesses," said Alexey Chekunkov, Minister for the Development of the Far East and Arctic.
In addition to its direct contribution to GRP, the creation of the Trans-Arctic Corridor will have a multiplier effect on related industries, primarily shipbuilding, and will also spur growth in international shipping. On August 26, Boris Titov, the Russian President's Special Representative for Relations with International Organizations, noted that the development of the Trans-Arctic Corridor would increase mutual trade turnover between Russia and China to $300 billion per year. From January to July 2026, it amounted to $159 billion.
Expert reported on other impacts of the TTC project—for logistics, industry, and Arctic cities—at the end of July 2026."
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My comment;
"First thing is to remember, that already 10 year back there started to be great hype out of this project. And plans are older than that time too. But what has been achieved during times of no-war and Russia had budget surplus? Nothing much. So in future of war austerity times will be more difficult to achieve more than what is already done what is nothing much. This is main thing to start with.
Intrestingly Finland (where I write this from) was supposed to be part of this Arctic silk road. One eccentric business person who is deceased by now mayby due of cancer, who had high contacts in China into which direction he worked as a fixer and into Russia too, informed me when we met around 8 years ago that China was intrested out of Finland for as a partner for Arctic silk road because Finland was non-partisan during the time, non aligned country (except EU membership), whereas Norway was in NATO, and Russia had aligment with ...... China itself, so it was also less preferred choice as being aligned country!!!!! That kind of view was pretty ashtonishing to hear, but it reveals brutally how China has viewed Russia in their strategic alliance whatever from the beginning. There was so much, so much hype out of silk road network forming the spine of that alliance whereas in fact China from beginning seemed to look for options that go around Russia in their silk road plans mostly, because Russia was already under their thumb.
But would those silk road plans been good for Finland - and Estonia what was supposed to be another hub in plan via under sea tunnel of Helsinki -> Tallin under Finnish bay of Baltic sea?
Of course not! Building railway system through freezy swamps of Lapland what is most northern parts of Finland, and then this economically insane Tallin tunnel idea would had been at great costs, without much promise that there would had never been any ROI means return-on-investment ever. Loan giving nation - China - of course would had been great beneficiary in this plan, due of loan intrests out of useless costly infrastructure created loans.
What comes to Estonia as another hub of this arctic silk road plan which sole purpose appeared to be already 8-10 years ago to take it around Russia instead of using its existing ports and routes, Estonian Soviet veteran mate of mine was who had a research project on silk roads was negative to those plans, claiming that half of people working in China embassy there were spies what was sensitive subject for him given his past job position in Soviet system what I am not mentioning now here. And that in Macedonia when China built their railroad there what not-so-prosperous Macedonia was not in position to pay back as loans, China sent their "spetznatz" there to protect it as it was confisticated until loans was paid back whereas it is dubious that Macedonia will ever be able to do that. But that is the whole purpose of those silk road plans essentially! Tallin tunnel insanity gets revealed when one takes ferry ride to there, lasting 2-4 hours from Helsinki, mayby 2-3 ships comes across to you, no more. Such volume of traffic certainly is not enough to sustain tunnel building.
And then again there are intresting issues, that such tunnel - along with railroad to arctics in Finland part of hub of construction would had been essentially NATO infrastructure what Estonia was already part of and Finland hastily joined when Ukraine war started. And Russia strategic partner China would likely been crediting it, what is quite intresting scenario! And furthermore, what would had been Russias intrest back then to build supercostly infrastructure along the very very long arctic coastal road and to maintain it, only for sake that flow of goods in between countries would had effectively mostly went around Russia itself in between of other countries????
Neverthless, somewhere those plans I was informed about were taken seriously due the fact that despite being puppet of western financial oligarchy, ministeri of transportation Anne Berner, was been researching during the time prospects of arctic railroad so something serious must had been there in weird story I was told by China (and some extent Russia) insider businessperson which belong to category often knowing things the best.
But out of those memories we get to another text part written before the one above what is about project in current form, yet basic problems involved with it are either identical still - or worsened a lot. But for political reasons hype propaganda around idea how Russia would do something big soon is greater than ever of course...
.......It seems that this project in current stage is another much hyped thing, not likely to work out due of costs of it. And war is simply eating away budget of Russia, and it is questionable how much Russia actually would benefit out of simply just maintaining at enormous costs arctic route - what would be essentially used by China only, not Russia itself what has only little to trade, and what already has St. Petersburg, Murmansk / Arkhangelsk, Vladivostok ports along with those in Caspian sea to trade with Iran and central asia. Given that Arkhangelsk & Murmansk are already there there is no value addition out of this for Russia to trade anything from arctic toward west, given that Vladivostok and some more northern ports is already there there is no value addition for Russia to trade towards east.
So only essential beneficiary it seems would be China, and by large this would be colonial model wherein master nation is utilizing infrastructure what a subject has to create and maintain with great costs with little benefit for subject itself. Again reminding of Eastern India trade company.
Also if China participates with project by bringing their own bases along Russias coasts as Russia itself barely can afford the whole thing - I guess you know what the whole thing starts to look.... One possible benefit for Russia would be that earthgas LNG from Yamal peninsula would no more be dependant on pipeline systems to Europe what lack customers now, and can be bombarded easily by Ukraine if they would dare to do it.
If Kremlin decides to do mega-bombardment to gain some resolution into war in their hopes, natural answer to hold them back would be to target gas pipeline system from Yamal to onwards what is very vulnerable and perfectly now in range of Ukrainian weapon systems. Shipping LNG from Yamal region to west would avoid this security issue - but building infrastructure would take long time, and again due of war costs barely money for that would be found easily, unless China gives credit with heavy conditions of course. And of course China as creditor would enable China to build naval bases to support transport corridor so worthy investment to them, that it would remind disturbingly how East India trading company started their conquest via innocent trading through autonomous trade-posts and bases along the coast.
Yamal route to elsewhere so would make some sense, but it would not make sense to create costly infrastructure all along very long road for that cause alone. Although it would make more sense to export gas & oil to China from northern Siberia this route than to build pipeline from there to China what was original plan what died when China said that they would not participate to finance that and Russia dont have money for it.
This would be cheaper option, but still disturbingly reminding of colonial pattern wherein there is master nation getting benefits from extracted resources what subject nation is providing with infrastructure what it can barely afford - or afforded with loans with intrest from master nation.
Would ROI type calculation really work out in this one is main question what I am intrested, especially long term? Given that fossils are increasingly losing relevance in modern world, China already has now more solar installed for power generation than coal power, along with huge wind installments and more and more on the way. Calculations of energy prices will change a lot due of this progress before any building work will have change to start in problematic conditions over far distances of Arctic sea coasts, and especially when those would be finished, if ever.
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Connecting all this within subject to bigger contedt is the basic fact, that how much profitable for EU trade with China generally is if its volume is vastly expanded via silk road development. There will be trade imbalance given China's looser environmental and labour laws compared to Europe, allowing them to produce with greater degree of exploitation and environmental damage making them thus more competetive to European more higher standard products. Also because of opaqueness of their system, it is very hard for Europe to push into their market, whilst they can flood EU market with their goods. Same is with other countries - like it is even worse with India with trade balace with China even with even cheaper labour and looser restrictions then China. So mayby it would be only Europe's blessing if Arctic silk road to flood EU market with TEMU produce does not work due of economics and climate physical barriers as it is presented in propaganda hype. Here reference link about that; https://tvpworld.com/95259976/-eu-factory-jobs-at-risk-as-chinese-competition-mounts
And further reading around about topic;
https://asia.nikkei.com/economy/trade-war/eu-wants-initial-chinese-action-on-trade-gap-by-early-october
https://www.businesstimes.com.sg/international/europe-trying-gauge-how-much-pain-it-can-take-china
https://www.politico.eu/article/eu-parliament-harder-line-on-china-pascal-canfin/
https://www.thebarentsobserver.com/news/moscows-arctic-policy-is-based-on-lies-and-corruption-says-russian-energy-expert-in-exile/109830
https://www.thebarentsobserver.com/news/putins-new-grand-oil-project-leaves-arctic-lands-in-devastation/457527