The evaluation of the modernization cost of the transport infrastructure of the Northern Sea Route in the Arctic zone of the Russian Federation

The paper is aimed to figure out the cost of modernization of the transport infrastructure of the Northern Sea Route. Main unfavorable factors, such as fall in prices for energy resources and the necessity of the implementation of ecologically safe and energy efficient technologies are taken into account. It is estimated that the development of Northern Sea Route financial model should also reflect the of effect of introduction of sanctions against the Russian Federation since 2014. The systematize the current conditions for the implementation of the, a survey of expert has been conducted. The total amount of cost appreciation, according to experts, is estimated from 50 to 70% of the base amount of planned investments in different areas. This result could be taken into account while making a proposals to potential investors. © Published under licence by IOP Publishing Ltd.