Project description
and objectives:
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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.
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Transition
impact:
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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.
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The client:
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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.
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EBRD
finance:
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The EBRD will provide a EUR 50 Million long term loan to be co-financed with
other participant bank(s).
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Total project cost:
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EUR 60 Million.
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Environmental impact:
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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.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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EBRD contact:
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Dan Stefanescu, Operation Leader: stefaned@ebrd.com
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Procurement or tendering
opportunities:
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Visit EBRD Procurement
Enquiries: Tel: +44 20 7338 6794; Fax: +44 20 7338 7472, Email: procurement@ebrd.com
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General
enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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