The European Investment Bank (EIB) and JSC Ukrposhta, Ukraine’s national postal service provider, have signed a €30 million loan to continue the modernisation and digitalisation of the country’s postal services.
The loan will allow Ukrposhta to start modernising its logistics network with three new sorting hubs, 20 postal depots and IT infrastructure.
With the loan from the EU bank, Ukrposhta will design and roll out a new, state-of-the-art parcel logistics network, reduce delivery times and improve the overall quality of the postal service for millions of Ukrainians.
An improved and affordable postal service with reduced delivery times will also improve conditions for doing business in the country (especially for small and medium enterprises).
The EIB has also provided a technical assistance package to Ukrposhta and assisted in the development of its investment programme.