The joint opening by the kings underscored the transnational significance of the New Lock in Terneuzen. Vessels that can navigate the Panama Canal can also pass through the New Lock. This world-class lock strengthens the position of North Sea Port as a leading logistics hub and maritime gateway to Europe. The New Lock improves access to and from the North Sea, the Western Scheldt and the Ghent-Terneuzen Canal. In so doing, North Sea Port is strengthening the international shipping corridor between Rotterdam and Paris and responding to the growth in global maritime trade.
This second sea lock, located next to the West Lock for maritime navigation, will also allow North Sea Port to guarantee permanent maritime access to the port area beyond the lock. This means an alternative will be available during maintenance on a sea lock, for example, assuring deliveries to businesses at all times. It also represents an increase in the capacity of the North Sea locks: more ships can now pass through the three locks at the same time, reducing waiting times for maritime and inland vessels. The East Lock, the third lock in the complex, will remain important for the passage of inland vessels.
The New Lock will generate new economic activities and employment in the Zeelandic-Flanders and Flanders regions, and in and around the Canal Zone. Besides vessels passing through the complex heading for the hinterland or the North Sea, the lock complex is an important access route for road traffic. It is also part of the region's primary flood defence and water management systems.