Business · Companies · 2 hrs ago
Lotte Innovate and Qatar investor plan Malaysia tolling push
Lotte Innovate has partnered with Qatar-based Protocol Capital Group to pursue overseas tolling projects.
The agreement calls for the companies to work together on technology, business development and funding.
Their first target is Malaysia’s highway tolling modernization project, covering 34 highways and 2,035 km of roads.
The project includes about 211 toll plazas, though no contract award to Lotte Innovate was announced.
The system would let drivers pay without stopping at toll booths or using a designated lane, a method known as multi-lane free-flow tolling.
The companies also plan to look for opportunities in Southeast Asia, Latin America, Central Asia and North Africa.
They will discuss potential projects from early review through commercial development, but no timeline was given.
Lotte Innovate and Qatar-based Protocol Capital Group have signed a strategic partnership to pursue multi-lane free-flow tolling projects.
The companies plan to cooperate on technology, project development and commercialization.
Lotte Innovate is seeking to enter Malaysia’s tolling market through the partnership.
Malaysia’s planned tolling upgrade covers 34 highways spanning 2,035 kilometres and about 211 toll plazas.
The companies also plan to explore opportunities in Southeast Asia, Latin America, Central Asia and North Africa.
- Who
- South Korea’s Lotte Innovate and Qatar-based Protocol Capital Group.
- What
- They signed a strategic partnership to pursue multi-lane free-flow tolling projects, including a planned push into Malaysia.
- When
- The agreement was announced on October 23, 2026.
- Where
- The initial focus is Malaysia; the companies also plan to explore opportunities in other regions.
- Why
- They aim to combine Lotte Innovate’s transport-system experience with PCG’s global network and financing capabilities to develop tolling and other infrastructure opportunities.
This story does not have two clearly opposing sides.
Lotte Innovate announced that it had signed a strategic partnership with PCG.
The companies plan to cooperate from initial project review through technology deployment, business development and commercialization.
- Partnership
- Lotte Innovate and Protocol Capital Group
- Malaysia highway network
- 34 highways spanning 2,035 kilometres
- Toll plazas
- About 211
- Planned system
- Multi-lane free-flow tolling (MLFF)
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