Luxembourg, September 8, 2015 – The “Modern Transport Union” consortium that includes INTRASOFT International Bulgaria Ltd. has been selected by the Municipality of Varna in Bulgaria to implement the Integrated Urban Transport project, having a key role in the government's effort for sustainable and integrated urban development.

The overall objective of the project is focused on increasing the quality of life in the city of Varna, through investments in sustainable Urban Transport, divided into ten components (lots) in total. For INTRASOFT International, the scope of the project includes planning, development, construction works, architectural supervision, component deliverables and installation on the first 4 components, i.e. an integrated ticketing system (component 1), the advantage of vehicles of Mass Urban Public Transport at intersections via Automatic Vehicle Location systems (component 2), a real-time passengers' system information (component 3) and the upgrade of the Urban Transport Control Center (component 4).

The total budget for the four components is 7.4 million EUR, while INTRASOFT International's Bulgaria participation is 3.9 million EUR. The consortium also includes Ballistic Cell, Bonima and Ericsson. The project has a 2.5-year maximum duration.

The city of Varna is the largest city on the Bulgarian Black Sea coast, the second largest in Bulgaria and the eleventh largest city in the Balkans. With a growing economy and an important tourist sector, the city aims at reducing the number of polluting vehicles, its dependence on imported oil, as well as utilizing unused electricity generated in the country.

Mr. Alexandros Manos, CEO of INTRASOFT International commented: “We are very proud to be able to contribute to such an important government initiative for sustainable and integrated urban development in Bulgaria. This latest award is the second for such a system to be implemented by INTRASOFT International in Southeast Europe, adding to the telematics system for the Athens Urban Transport Organisation in Greece that is currently under development. This project enhances our position in the telematics and e-transports domain in Southeast Europe, clearly justifying our corporate strategy to expand our Group's portfolio in priority areas of the public sector.”

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About the Varna Urban Transport project:

The city of Varna embarked on this modern and sustainable transport system project that aims at making the city greener, leading to the use of alternative means of transport like trolleybus, tram, and other types of public transport, while also including the construction of cycling lanes. The project successfully aims at addressing the growing necessity for fast, effective, accessible and convenient urban transport through the construction of a bus rapid transit (BRT) line connecting the most distant densely populated areas with the administrative centre. The project also involves the introduction of an integrated ticketing system following the needs of different social groups and the overall improvement of accessibility for disadvantaged groups. While there is significant emphasis on public transport as outlined above as well as upgrading bus terminals and depot, other clean modes of transport are also included. The city is also implementing a cycling strategy which will include the creation of new cycling paths, parking facilities, a cycling campaign and a bike rental scheme.

http://ec.europa.eu/regional_policy/en/projects/bulgaria/revitalising-public-transport-in-varna

About INTRASOFT International

INTRASOFT International is a leading European IT Solutions and Services Group with strong international presence, offering innovative and added-value solutions of the highest quality to a wide range of international and national public and private organisations. The company employs more than 1,600 highly-skilled professionals, representing over 20 different nationalities and mastering more than 18 languages. With headquarters in Luxembourg, INTRASOFT International operates through its operational branches, subsidiaries and offices in 18 countries: Belgium, Bulgaria, Denmark, Cyprus, Greece, Iraq, Jordan, Moldova, Morocco, Romania, Palestine, Philippines, Saudi Arabia, UK, UAE, USA and Yemen. More than 500 organizations in over 70 countries worldwide (Institutions and Agencies of the European Union, National Government Organizations, Public Agencies, Financial Institutions, Telecommunication Organizations, and Private Enterprises) have chosen the company's services and solutions to fulfil their business needs. http://www.intrasoft-intl.com/

Information for Press only

Kalliopi CHIOTI, Communications & CSR Manager, INTRASOFT International

Tel. +352 44 10 12 2178 & +30 6951 008800

E-mail: Kalliopi.Chioti@intrasoft-intl.com