Ghent Port Company has applauded the agreement to build New Lock Teurnzen signed between Belgium and the Netherlands, saying the new lock will improve the access to the Flemish port of Ghent and the Dutch port of Terneuzen.
Flemish minister for Mobility and Public Works Ben Weyts and Dutch minister for Infrastructure and Environmental Affairs Melanie Schultz van Haegen signed the ”Treaty between the Netherlands and Flanders for the construction of the New Lock Terneuzen” on Thursday, 5 February 2015.
The construction of the lock is expected to cost EUR 920 million (USD 1.05bn). The Netherlands will pay EUR 155 million (USD 177.4m), with Flanders covering the remaining expenses.
The New Lock Terneuzen will roughly be as long and as wide as the

