Svalbard plot: gov’t hopes to buy soon

Norwegian minister of trade and industry Monica Mæland, who today started her first visit to Svalbard, told Svalbardposten she hopes her government will soon be able to purchase Austre Adventfjord, a privately owned 200 km2 plot put on sale a few months ago. The owners, the Horn family, are involved in a dispute with Store Norske, Norway’s state-owned coal miner on Svalbard, and say they only decided to look for a private buyer when negotiations with the government failed. The possibility of that chunk of Svalbard ending up in foreign hands (citizens of all Svalbard treaty signatories can own property on the islands) has unnerved some in Norway and might motivate part of the government’s interest in buying it themselves.

One Svalbard treaty signatory is China, and at a point Norwegian broadcaster NRK aired an interview with Chinese real-estate tycoon Huang Nubo about his interest in purchasing Austre Adventfjord. After the Horns categorically rejected having had any contact with Huang, the interview was referred to a misunderstanding NRK blames on Huang.

More on Austre Adventfjord here.

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