Port of Antwerp to construct new lock

The Port Authority of Antwerp has announced it is to construct a second lock on the Left Bank of the Port of Antwerp. The lock, set to be one of the world's largest, is due to open in 2016 and will cost around €340m of which 50% will be financed by the European Investment Bank (EIB). For EIB President Philippe Maystadt, the new lock will "help to further develop efficient, multimodal and sustainable goods transport, which will benefit not only the Port of Antwerp and Flanders but also Europe."