Challenges and opportunities: Infrastructure development in Greenland and the future opening of the Northwest passage Presented by Jens B. Frederiksen Minister of Housing, Infrastructure and Transport Bruxelles , October 25 2010

Outline of the presentation The presentation will touch upon What are the challenges facing Greenland? What economic development opportunities do Greenland have? What strategies do the Government of Greenland pursue? Potential infrastructure partnerships between the EU and Greenland Northwest passage Transit Port

Economic challenges Moving from Self-Government towards a future independence Economic development to replace annual grant of DKK 3,439 millions Societal development – health, housing, education Lack of economies of scale Diversification of economy Dependency on natural resources and Erosion of preferences (OCT preferential treatment) in our fishing exports Greenland is depending on imports from abroad as there are no big scale farming or industries, except from the fishing industry. Therefore we rely heavily on imports of such as: Oil Food Machinery

Geographical challenges Sparsely populated Remote communities Coastal living Cold climate Huge areas north of the Arctic Circle Isolated from Markets

Modern Greenland – Industrial Opportunities Projects developing Test drillings for hydrocarbons off-shore Increase in issued exploration and exploitation licences for minerals Developing energy intensive industries with international partners Hydropower ressources Fiber net connection to Island and Canada (2009)

Transportation Commission Set up by the Government in 2009 Mandate of the Commission is to analyse the constraints and opportunities for the transportation sector Analyses ports, airports and roads Finalises its report end of 2010

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Operating in Arctic waters 9

Operating in Arctic waters 10

Operating in Arctic waters 11

Limited terminal infrastructure 12

EU-Greenland partnership – for the development of an EU Arctic Policy: -elements of possible inclusion in EU’s further discussion for an Arctic Policy with relevant financial resources - a Future Northwest Passage? - a Transit Port? 13

INFRASTRUCTURE OVERVIEW

NORTH LINK the two submarine cable options

Questions?