Evaluation of the transport projects of the Kolari and Sokli mining projects
Overview
Background & policy context:
The Kolari–Pajala and Sokli mining projects and related investments are socioeconomically very profitable. According to studies, employment effects and impacts of projects on state and municipal tax revenues are significant. The most essential challenge of the Kolari-Pajala and Sokli mining projects is that both the state and companies are dependent on the decisions of the other party before they can make their own decisions.
The state cannot be committed to the projects before it can be guaranteed of the beginning and long duration of company operations. From the viewpoint of companies, they cannot make investment decisions before they know their own logistic costs including participation in the costs of transport infrastructure projects.
Objectives:
Based on the objectives to be achieved by the year 2020 presented in the Government transport policy report to the Parliament (27.3.2008), the transport network provides the possibilities for developing and maintaining vitality to the various parts of the country. With regard to transport investments related to mining projects, it is stated that shadow toll financing is the most suitable method for mining projects.
The essential question regarding the infrastructure investments of forthcoming mining projects is the repayment of investment: should the state pay for the investment or will the mining company also participate on the costs.
Share this page