Private companies in Ireland will invest about €100m ($130.6m) in intelligent transport systems during the next three to five years.

The investments will go towards the development of technologies offering real-time traffic information across the entire road network, which allows travellers to decide alternative routes.

The new technology to be developed will also address public transport and covers such issues as satellite positioning, passenger information systems, emergency systems and electronic fee collection for tolls, according to irishtimes.com.

Ireland recently adopted the new EU Directive on Intelligent Transport Systems, which provides guidance on the implementation of road traffic technologies.

According to the directive, new technologies should be able to cover policy issues that include road usage in terms of days of the week, traffic management in cities and management of European trans-national routes.