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Construction of the world’s largest lock, to be located on the left bank of the Port of Antwerp, was officially approved on 21 November. The lock is due to open in 2016 and will cost €340 million. The EIB will finance 50% of this cost. More than 200 people per day are expected to be working on the lock’s construction - it will be located at the end of the Deurganck dock and will connect to the sea between the Scheldt and the Waasland Canal.
In the 2010 financial year, Frankfurt-based Kombiverkehr KG posted some of the best results in the more than 40-year history of the company, with some growth rates in double figures. In total, 933,039 truck consignments (1.866 million TEU) were shifted from road to rail, 9.1 per cent up on the previous year.
Supply chain solutions specialist P&O Ferrymasters is to introduce a service-enhancing change of ferry route on its rail-sea operation moving containers between Italy and Patra in Greece.
Rail Freight Group has voiced its concern at UK government proposals to extend the length of articulated lorries by up to 2.05 metres.
Global healthcare companies UCB and Baxter will bundle their pharmaceutical supply chains in Eastern Europe together with TRI-VIZOR, a spin-off company from the University of Antwerp, creating the world's first example of orchestrated bundling or "carpooling for cargo".