Swarco and Russian bank sign MOU

Russian banking and financial services company Sberbank and Austrian road construction and traffic management company Swarco have signed a Memorandum of Understanding aimed at ‘participation in joint initiatives and the cultivation of mutually profitable cooperation between the two parties as well as their subsidiary structures and groups’. The signing ceremony was held during the St Petersburg International Economic Forum. “The bank intends to actively develop the cooperation with the company in orde
June 20, 2016 Read time: 1 min
Russian banking and financial services company Sberbank and Austrian road construction and traffic management company 129 Swarco have signed a Memorandum of Understanding aimed at ‘participation in joint initiatives and the cultivation of mutually profitable cooperation between the two parties as well as their subsidiary structures and groups’.

The signing ceremony was held during the St Petersburg International Economic Forum.

“The bank intends to actively develop the cooperation with the company in order to modernise the transport infrastructure management system in the Russian regions, in particular such systems as Smart City. The company considers the possibility to organize an industrial production of the management systems and the correspondent software on the Russian territory”, Sberbank deputy chairman Svetlana Sagaydak said.

He said the bank is also ready to consider supporting projects of concern to Swarovski, which includes Swarco, including funding the supply of equipment and production development in Russia.
Urban Traffic Control

For more information on companies in this article

Related Content

  • Next generation traffic management has CHARM
    August 20, 2015
    A collaboration between Highways England (formerly Highways Agency) and the Rijkswaterstaat (RWS) to develop an integrated advanced traffic management system (ATMS) for the UK and Dutch highways is in the process of finalising the software platform requirements. The Common Highways Agency Rijkswaterstaat Model (CHARM) program aims to move towards an open, modular ATMS architecture that is integrated, flexible and scalable. Highways England and RWS have collaborated in order to develop requirements for a
    Read More
  • Swarco appoints new sales manager
    January 27, 2017
    Swarco Traffic has appointed Tony Logan as sales manager to support the roll-out of Smart City Messenger, its next-generation of mobile variable message signs (VMS). Logan has particular expertise in the VMS market, having recently led the development and delivery of a broad range of traffic design, management and operational maintenance projects. Smart City Messenger has four central features: the only full colour portable VMS in the UK; a long-lasting fuel cell power unit enables year round unatten
    Read More
  • Anywhere card delivers prepaid contactless ticketing
    January 25, 2012
    David Crawford investigates a far reaching initiative in integrated travel. The Port Authority Transit Corporation (PATCO), an operator of high speed commuter rail in the north eastern US, is not one of the world's best known transit providers. Its 13 stations along a single east-west route (three of them interchanges with other regional commuter lines) handle 40,000 passengers a day, travelling to and from Philadelphia, the US' fifth most populous city.
    Read More
  • Vivacity demos AI junction control
    March 18, 2021
    How will AI-controlled junctions help smooth the journeys of drivers – and cyclists - in urban areas? Alan Dron looks at an expanding scheme in Manchester, UK, which aims to find out
    Read More

Highlighted Content