Race heats up for govt vehicle fleet contract

New cars for the force: The Kedah police contingent headed by its chief Datuk Zainuddin Yaacob checking out some of the vehicles delivered by Spanco at a handing over ceremony recently at the Kedah police headquarters. Spanco is the incumbent vehicle fleet contract holder for the government. — Bernama

PETALING JAYA: Long-term contracts from the government are often highly sought-after business, and it is no surprise that the tender to manage its huge fleet of vehicles has attracted fierce bids from some of the biggest automotive groups in the country.

The estimated size of the 15-year concession varies, but based on the current fleet of 12, 500 vehicles, the contract could be worth RM300mil a year from the fifth year onwards.