- 25 October 2019
- Transport / Logistics Services
An Post has received a €40 million loan from the European Investment Bank (EIB) to buy 750 electric vehicles for local deliveries as well as modernising its post office network.
Ireland’s government Minister for Communications, Climate Action and the Environment, Richard Bruton T.D. said: “One of the challenges of climate action is the need to mobilise capital for new, sustainable technologies. Today’s announcement allows an Post to be a leader in putting sustainability at the core of their business.”
Andrew McDowell, European Investment Bank Vice President responsible for Ireland said: “As a leading European postal services provider, An Post is demonstrating how support for local communities and climate action can be at the core of a sustainable business. For that reason, I am very pleased to confirm a new EUR 40 million loan from the European Investment Bank – the EU Bank – to finance its greener delivery fleet and to accelerate use of innovation and digitalisation to enhance access to financial services and improve mails, parcels and e-commerce services for customers”.
David McRedmond, An Post CEO said: “This ground-breaking contract demonstrates confidence in An Post’s transformation and digital strategy for the Irish economy, business of all sizes and local communities. It enables us move faster and be smarter in changing from the old world of letters and cash to the new digital world of e-Commerce and financial services.