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    Reference: 20170832
    Release date: 8 March 2018

    Promoter – Financial Intermediary

    PROXIMUS SA DE DROIT PUBLIC

    Location

    Description

    The project relates to the design, building, operation and commercialisation of an ultra-high speed fixed broadband telecommunications' network, mainly relying on the Fibre-to-the-Home (FTTH) and Fibre-to-the-Business (FTTB) technology, starting from 2018 up until the end of 2020. The goal is to reach an additional coverage of 10% in residential areas and 38% of the enterprise addressable units in Belgium, leading to an increase of 487 000 homes and 57 810 businesses. In addition, the project includes fibre deployment to street cabinets in rural zones, necessary IT development, a backbone upgrade to sustain the increasing bandwidth usage, fibre customer premise equipment (CPE's) and Cybersecurity enhancements to secure the infrastructure.

    Objectives

    The proposed investments are expected to increase broadband penetration rates, including in convergence areas with lower access ratios as well as result in significant improvements in service quality.

    Sector(s)

    • Telecom - Information and communication

    Proposed EIB finance (Approximate amount)

    EUR 400 million

    Total cost (Approximate amount)

    EUR 811 million

    Environmental aspects

    Investments in fixed telecommunications projects (mainly civil works for fibre rollout) do not fall under the Environmental Impact Assessment (EIA) Directive 2011/92/EC as amended. The related works have limited environmental effects, apart from disturbances during civil work constructions, which can be mitigated by appropriate measures.

    Procurement

    The promoter has been assessed by the EIB as a company neither operating in the utilities sector nor having the status of a contracting entity, thus not subject to EU rules on public procurement. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (i.e. Directive 2014/25/EU), then the Bank would require the promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/25/EU and Directive 92/13/EEC), with the publication of tender notices in the Official Journal of the European Union, as and where required.

    Status

    Signed - 2/03/2018

    Disclaimer

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

    Related tags

    Belgium Telecom