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Decision support systems for traffic management systems have to cope with a high volume of events continuously generated by sensors. Conventional software architectures do not explicitly target the efficient processing of continuous event streams. Recently, event-driven architectures (EDA) have been proposed as a new paradigm for event-based applications. In this paper we propose a reference architecture for event-driven traffic management systems, which enables the analysis and processing of complex event streams in real-time and is therefore well-suited for decision support in sensor-based traffic control sys- tems. We will illustrate our approach in the domain of road traffic management. In particular, we will report on the redesign of an intelligent transportation management system (ITMS) prototype for the high-capacity road network in Bilbao, Spain.