KUALA LUMPUR (Sept 8): Green Packet Bhd and FETC International Co (FETCi) will run the country’s first ever multi lane free flow (MLFF) tolling system Proof of Concept (POC) on Malaysian highways.
In a statement today, the group said the MLFF POC will be installed at Besraya KM5.5 (North Bound) and is scheduled for data collection for three months starting early 2022.
“The MLFF POC is a critical process to achieve a congestion-free highway state through better traffic infrastructure, as stipulated in the Ministry of Works' Malaysian Intelligent Transport System (ITS) blueprint.
“As an internationally recognised technology player with experience in addressing local digitalisation challenges, Green Packet will be providing the funding, local insights and expertise in fintech payments.
“FETCi is an RFID and Free-Flow Tolling expert having implemented several MLFF systems in other Asian countries and will provide the frontend equipment and expertise in MLFF implementation,” it said.
Green Packet added the data collected from the POC during the three-month period will be shared with relevant authorities and stakeholders with the primary aim to prove and validate the feasibility of using MLFF.
The data and insights are valuable for eventual roll out to Malaysian highways in line with the government’s roadmap for smoother traffic, it said.
Green Packet executive director Shukor Karim said the group is thrilled to be executing Malaysia’s first-ever Proof of Concept for an MLFF tolling system.
“This tolling gantry is very much in line with the government’s continuous efforts for better transport infrastructure, smoother traffic flow and less congestion.
“We look forward to making this a reality, and to continue working with the government in advancing Malaysia’s digitalisation,” Shukor highlighted.
Meanwhile, FETCi managing director Dr Yongchang Chang shared that MLFF tolling systems have been proven to dramatically improve traffic flow.
“This system has seen resounding success in several other Asian countries, such as Singapore. We are confident that this Proof of Concept will produce positive results and move Malaysia’s infrastructure modernisation forward in the right direction,” he said.
According to the group, the system is envisioned to use a cloud tolling system with no toll lanes or gates and will be able to process far more vehicles per hour compared with existing toll systems.
It will also be able to reduce fraud by getting rid of the gaps that the present solutions are not able to address and are often exploited by many traffic users.
“The MLFF tolling system has been the defining factor that has set a nation’s traffic efficiency apart. We look forward to having one officially installed in Malaysia’s highway roads in the foreseeable future,” said Besraya chief operating officer Wan Salwani Wan Yusoff.
Shares in Green Packet closed five sen or 2.63% lower at 18 sen, giving it a market capitalisation of RM235.42 million. Year to date, the stock has fallen by 55.95% from 42 sen recorded in early January.