The EIB finances the world's biggest lock

Over the coming years the new construction project will be one of the biggest infrastructure projects in Flanders, with 255 people working daily on building the biggest lock in the world. The lock is due to open in 2016 and will cost around EUR 340 million of which 50% will be financed by the EIB. For Ms Crevits, the construction of the new lock is necessary to improve maritime access to the economic hub of the Port of Antwerp. For EIB President Mr 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.