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Reference: 20040039
Release date: 16 July 2004

Promoter – Financial Intermediary

DE POST
Chris Briké
Treasury Manager

Location

Description

The project concerns a part of the reconfiguration of the logistics network of La Poste with the focus on the introduction of modern, automated letter-sorting facilities. This includes the installation of four new centres and the modernisation of the existing centre in Brussels.

Objectives

The Belgian Post is in need of significant capital investments compared with other European operators. An improvement of services is considered indispensable for the organisation to ensure adequate service standards. A significant part of the investment will affect assisted areas and significantly contribute towards a more dynamic and internationally linked communication environment in the surrounding regions, thus supporting the EU cohesion objectives.

Comments

Postal services.

Sector(s)

Proposed EIB finance (Approximate amount)

Up to EUR 100m.

Total cost (Approximate amount)

EUR 250m.

Environmental aspects

La Poste has embarked onto an environmental development programme, which includes specific efforts in energy saving, waste reduction and the establishment of an environmental mangement system, which is supposed to allow the certification of the operations of La Poste under ISO 14000 in about three years time.

Procurement

The promoter has followed an international public tendering procedure.

Status

Signed - 22/12/2004

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Related tags

Belgium Services