A total of $567.2 million in financing for the replacement of the Port of Amsterdam’s largest sea lock at Ijmuiden has been finalised, including US$187.5 million (33%) from the European Investment Bank (EIB), according to news reports.
The infrastructure project will increase capacity and ease the restrictions currently placed on the size of vessels calling at the port.
The new sea lock will be 500 metres long, 70 metres wide and 18 metres deep.
Other investors include a consortium of foreign banks including Sumitomo Mitsui Banking Corporation, the Bank of Tokyo-Mitsubishi UFJ, UniCredit Bank, DZ BANK and KfW IPEX-Bank.
