Kyndryl (NYSE: KD), the world’s largest IT infrastructure services provider, announced that it is partnering with DAN (Public Transportation Company LTD), Israel's largest transportation company, to advise, build, manage and maintain the IT infrastructure for its multi-year Fast Lanes project aimed at alleviating traffic congestion along major routes in Israel.
Traffic congestion, especially in central metropolitan areas (like Tel-Aviv, etc.) , is a major problem and a constraint on growth in Israel. Approximately one million motor vehicles joined the roads between 2013 and 2021 to reach 3.84 million in 2021. This trend is expected to accelerate as Israel’s population is expected to steadily increase by 2027.
