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Dan Stefanescu, Operations Leader

Posta Romana

Project number:37308
Business sector:Information and Communication Technologies
Environmental category:B
Target Board date:14 May 2007
PSD disclosed:23 Jan 2007

Project Description

The proposed project envisages the modernisation of the Romanian Post’s essential infrastructure through the construction and put in operation Posta Romana’s first Automated Sorting Centre in Bucharest and modernise the Cluj Automated Sorting Centre. As a result, the Post will be able to process an increased number of items of correspondence and parcels, while the handling time and quality of service will significantly improve. The Bank will finance over 80% of the total cost of the project to be implemented in accordance with the Bank’s public procurement policy and rules.

Transition Impact

Posta Romana is at the beginning of a major restructuring process in which improvement of the quality of postal services plays a central role in light of the recent country’s EU integration. By financing automated sorting installations, the project will improve the standards for business conduct, reducing the delivery time for inbound and outbound postal correspondence.

The project will explore the synergy between the Bank’s objectives and the mandate of the Advisor to the Romanian Government in restructuring the Company. The co-operation with the procurement and restructuring consultants  will assist in improving the Company’s corporate governance and increase its operational efficiency.


The Client

Posta Romana was established in June 1991 as a result of the separation of the post and telecoms activities from the traditional Post, Telegraph and Telephone Company. In 1998, Posta Romana was incorporated and transformed into a national company. Posta Romana is the sole operator within the scope of universal postal services in Romania.

EBRD Finance

The EBRD will provide a EUR 50 Million long term loan to be co-financed with other participant bank(s).

Project Cost

EUR 60 Million.

Environmental Impact

The project was screened B/1 requiring an environmental analysis of the proposed development and a corporate environmental, health and safety audit of the Client. The environmental investigations are currently underway. However preliminary results suggest that the environmental risks associated with the proposed project are unlikely to be significant and will be addressed in an environmental action plan (EAP) to be developed with the Sponsor.

Technical Cooperation


Procurement or tendering opportunities

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Public Information Policy (PIP)

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Text of the PIP

Project Complaint Mechanism (PCM)

The EBRD has established the Project Complaint Mechanism (PCM) to provide an opportunity for an independent review of complaints from one or more individuals or from organisations concerning projects financed by the Bank which are alleged to have caused, or likely to cause, harm. The Rules of Procedure governing the PCM can be found at www.ebrd.com/downloads/integrity/pcmrules.pdf, the Russian version can be accessed at http://www.ebrd.com/downloads/integrity/pcmrulesr.pdf

Any complaint under the PCM must be filed no later than 12 months after the last distribution of EBRD funds. You may contact the PCM officer (at pcm@ebrd.com) or the relevant EBRD Resident Office for assistance if you are uncertain as to the period within which a complaint must be filed.

Project Summary Documents are created before consideration by the EBRD Board of Directors. Details of a project may change following disclosure of a Project Summary Document. Project Summary Documents cannot be considered to represent official EBRD policy.

Last updated 23 July 2010