LKAB Invests SEK 500 Million in Port of Narvik, Northern Norway
The Port of Norway is strategically located, both as an Atlantic port and with a rail connection via the Ofoten railway line. (Photo: Port of Narvik)
LKAB invests SEK 500 million in the port of loading at the Port of Narvik. "This investment is extremely important for the future of the port," says Harald Strømsnes, Senior Project Leader at LKAB in Narvik.
LKAB is now investing SEK 500 million in a brand new port of loading at the Port of Narvik. The shiploader located at dock 5 today was built in 1977 and it is time to replace it, the mining company writes in a press release.
Iron ore from LKAB's mines is transported by freight train to the ports of Luleå in Sweden and Narvik in Norway. The ports are important hubs in the logistics chain and several million tons of iron ore products are transported through them every year to customers all over the world, according to LKAB.
"We are getting a new shiploader that increases delivery reliability and contributes to a safer workplace with an improved working environment for our employees," says Harald Strømsnes, Senior Project Manager at LKAB in Narvik.
"The investment is extremely important for the future of the port," adds Strømsnes.
The shiploader is expected to be ready for use in the summer of 2024.
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This article was originally published in Norwegian and has been translated by Birgitte Annie Molid Martinussen.