Government Ends Contract With Spanco After 25 Years

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Government Ends Contract With Spanco After 25 Years

For quite nearly as long as yours truly has been alive, the government has had an ongoing contract with Spanco Sdn Bhd (Spanco) to essentially handle government vehicle leases. That contract finally ended at the end of 2018, and the government opened tender to other concessionaires who would be willing to take up this seemingly lucrative job.

Spanco has received a lot of money in the maintenance of these vehicles, which includes police cars as well. Back in 2008, the government dropped a whopping RM 158 million for the maintenance of 8,654 cars - which works out to RM18,257 on average per vehicle, annually. Granted this is a leasing scheme of sorts, but that's still a mighty high sum to pay.

The deadline for submission for the open tender was at the end of February, so it shouldn't take long for the government to announce which concessionaire has won the contract. For the time being, Spanco will continue their duties until the end of June - or six months from the end of their contract.

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