IBM Interested in Creating Traffic Management System for Sofia
The global IT giant IBM is interested in creating a traffic management system for the Bulgarian capital Sofia.
The CEO of IBM Bulgaria, Alexander Rakov, presented Wednesday the company's concept - known as "Smart" - for investing into traffic management of Sofia.
Rakov mentioned that IBM and the Sofia Municipality had had talks but did not provide further details.
He explained the potential benefits of the traffic management system by giving Sweden's capital Stockholm as an example where the creation of such a system reduced the traffic by 22%, and the greenhouse gas emissions coming from transport by 12%. The Stockholm system charges drivers in the downtown depending on the time of the day.
Rakov said Sofia's future traffic management system could be funded by the EU programs, private investors, and the municipal budget. In his words, Sofia is one of the two cities in Eastern Europe where IBM is interested in creating such a system.
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What a great money spinner for IBM, a bug here and there and they can be printing money from this system for centuries to come. Next thing we can do is give the printing of money to the local mafia, its almost the same thing.
IBM prices are the highest for almost everything and the quality is well below what should be expected.