Sofia mayor and the main architect of the capital city presented Sunday a new investment program, which provides for solving the problems with the hellish traffic jams.

"In order to achieve that aim, Sofia needs about BGN 3 B as one third of it will be collected by the taxes the citizens are to pay," Mayor Boyko Borisov said.

"I hope nobody will impede our work as everyone, who stands against the interests of two million people will have to bear the responsibility for that," he added.

Traffic lights on Sofia roundabout will be removed according to the newly prepared program.

There will also be constructed rings, which are to divert the traffic out of the downtown.

When the capitals' underground reaches Mladost neighbourhood in about two years, the municipality considers holding a referendum over paid access to the centre of the city.

"In few years, the downtown will be just an attraction and life will be in full swing in the northern part, reaching Kremikovtzi district, where the new city is to be situated," Mayor Borissov explained.

Up to EUR 10 B will be invested in development of the infrastructure there, the authorities said.

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