Sweden's Ministry of Enterprise, Energy and Communications (Näringsdepartementet) has stated that the Swedish government will invest more than $570 million in the Swedish railway network, ensuring the increased capacity of the Malmbanan, the main railway that transports iron ore products in northern Sweden.
The Swedish Transport Administration (Trafikverket) had previously confirmed that it will aim to prioritize the Malmbanan to meet the increased demand from current and future iron ore producers.
Swedish exploration and development company Northland Resources (Northland) stated that they are very pleased with the government's commitment to the railway project
"Although the current capacity of Malmbanan will allow us to transport our high-grade, high-quality magnetite iron concentrate at the time we start production in 2013, the new investment will ensure capacity for the expected increase of iron ore volumes from Northland, as well as from additional players, at the end of this decade." said Karl-Axel Waplan, president and CEO of Northland Resources.