Posted AT 4:55 AM EST on 04/09/08
An iron road across the permafrost
It will be the world's most northerly railway, a private line snaking across the permafrost and rock of Baffin Island at a projected cost of $10-million per kilometre.
The ambitious project is part of a plan to tap iron-ore deposits 900 kilometres northwest of Iqaluit. The plan is subject to regulatory approval and securing financing, but preliminary drilling is already under way, say officials of Baffinland Iron Mines Corp., which is listed on the Toronto Stock Exchange.
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