RTBF MEDIA SQUARE (EIB-20180267)

Countries
  • Belgium
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
RADIO-TELEVISION BELGE DE LA COMMUNAUTE FRANCAISE
The holder of the loan, grant, or other investment.
Sectors
  • Communications
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 69.87 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 60 million
Converted using 2018-07-18 exchange rate.
Loan Amount (USD)
$ 69.87 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 182.83 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 157 million
Converted using 2018-07-18 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Jul 5, 2019

Disclosed by Bank May 9, 2019


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Project Description

According to EIB website, the project consists in the construction of media production, studios, information and communication technologies (ICT) - and office facilities by the Radio-Television Belge de la Communauté Francaise de Belgique (RTBF), a public sector organism in charge of public television (TV) and radio broadcasting for the French-speaking community of Belgium (around 4 million people).

Further, the project takes advantage of digitalisation that has led to a convergence of media platforms. Patterns of production and distribution have evolved and require overcoming the silo mentality, which is difficult to achieve in the current site with its structural deficiencies. The deployment of cutting-edge digital technologies will foster cost efficient transmedia productions and the ability to distribute content quickly across multiple platforms and formats.

Investment Description
  • European Investment Bank (EIB)
Private Actors
Contact Information

No contact information provided at the time of disclosure. 

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