Nordic Capitals Railway for a more united Nordic region

New report explores a rail connection between Nordic capitals to support integration and growth

The newly published report Nordic Capitals Railway – A more united Nordic region, a stronger Europe puts forward a compelling vision for a high-speed rail connection linking Helsinki, Stockholm and Oslo. According to the report, such a connection could become a long-term engine of growth, security and integration for the entire Nordic region.

Together, the corridor spanning from Oslo to Helsinki forms an area of more than seven million inhabitants and a combined GDP exceeding EUR 450 billion. A fast, reliable rail link would bring these urban centres closer, creating a larger and more dynamic labour market and enabling stronger collaboration between companies, universities and research communities across the Nordic region.

The report highlights that the long-term benefits of major cross-border rail projects often stem from improved labour market functioning and increased interaction. Examples such as the Øresund Bridge show that up to 70% of economic benefits arise from labour-market related effects. For Finland, enhanced accessibility would open new opportunities for innovation and international growth.

“Linking the capitals builds a shared economic area that generates growth for generations to come. The Nordic Capitals Railway is an investment in our future and our security,” says Jyri Arponen, Regional Mayor of Southwest Finland.

There is growing political interest in Finland in exploring the project further. The Finnish Parliament allocated EUR 250,000 in the 2026 state budget for a study on the Helsinki–Stockholm fixed link; a concrete signal of national-level commitment to assess the project’s potential.

Russia’s war of aggression against Ukraine has also reshaped Finland’s geopolitical environment. With nearly all imports and exports passing through the Baltic Sea, Finland’s logistical position has become increasingly vulnerable. At the same time, NATO membership has elevated the strategic importance of westward connections. The Nordic Capitals Railway would offer an alternative and resilient transport route, strengthen security of supply and support both civilian and military mobility.

The project aligns closely with the EU’s goal of building a high-speed rail network that connects Europe’s capitals. It would not only reinforce Finland’s and the Nordic region’s integration into the European transport system but also enhance broader regional security and competitiveness.

The report’s key recommendation is that Finland, Sweden, Norway and the European Commission jointly launch a comprehensive study on the project’s strategic benefits, feasibility and financing options. As large infrastructure projects take decades to complete, preparatory work must begin now.

The report was commissioned by the City of Turku, the Regional Council of Southwest Finland, the Confederation of Finnish Construction Industries RT, Ramboll, the Turku Chamber of Commerce and Miltton Group.