[Industry Updates] Lotte Innovate Teams Up with Qatar’s PCG to Target Malaysia’s MLFF Market
2026-11-04
On 21 October 2026, Lotte Innovate, a South Korean provider of transport systems, signed a strategic partnership agreement with Protocol Capital Group (PCG), a Doha-based infrastructure investment and business development group, to pursue overseas tolling projects. The partners are targeting Malaysia, where a tolling upgrade is being pursued across 34 expressways covering 2,035 kilometres and around 211 toll plazas. The proposed multi-lane free flow (MLFF) system allows vehicles to pay tolls without stopping or moving into a designated lane. Lotte Innovate plans to contribute its transport technology and systems deployment experience, while PCG will bring its financing and business development expertise. The partners also plan to explore opportunities in other markets.
