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Alexander Rakov, CEO of IBM Bulgaria, presented Wednesday the company's concept of a traffic management system in Sofia. Photo by sagabg.net
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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