The European Bank for Reconstruction and Development (EBRD) has agreed to provide a €700m ($854.5m) for the development of road network in Bosnia and Herzegovina.

EBRD has inked a memorandum of understanding (MoU) with Ministers of Transport and Communications of the Federation of Bosnia and Herzegovina (FBiH) and Republika Srpska (RS) for the investment.

Funds will be invested over a period of two years between 2018 and 2020.

The development programme includes refurbishment of Corridor Vc from Poprikuse to Nemila, tunnel Ivan and the connecting road between Mostar South interchange and Tunnel Kvanj.

Ericsson has partnered with Argus Cyber Security to implement multi-fold cyber-security techniques to protect vehicles data from cyber-attacks.

Ericsson’s connected vehicle Cloud platform will be incorporated into Argus Security Operation Center, under the partnership.

The alliance will offer a more formidable solution to the automobile manufacturers by providing real-time data from the Cloud to safeguard the connected vehicle network.

“Funds will be invested over a period of two years between 2018 and 2020.”

Iteris has agreed with Traffic & Parking Control (TAPCO) to distribute Intelligent Warning System (IWS) products in Texas, US.

The IWS product portfolio includes LED-enhanced systems, stop signs, parking facilities, work zones and solarpowered lights.

Iteris will also distribute BlinkerChevron Dynamic Curve Warning System and the wrong-way driving prevention solutions, as part of the agreement.

The products are expected to reduce road accidents and offer safer travel to commuters.

STMicroelectronics (ST) in collaboration with AdaSky is working on the development of advanced vision systems for autonomous vehicles.

The alliance will develop Viper, a sensing solution integrating AdaSky FIR thermal camera and ST custom silicon.

Viper enables autonomous vehicles to run smoothly on roads irrespective of the surrounding conditions. The detection capability of the thermal camera helps the vehicle to avoid road-side obstacles.

The production of the product is expected to begin by 2020.