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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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    Sri Lanka to lease vehicles on 5-year contracts for state work

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    Rana
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     Sri Lanka to lease vehicles on 5-year contracts for state work Empty Sri Lanka to lease vehicles on 5-year contracts for state work

    Post by Rana Thu Mar 03, 2016 4:12 pm

    ECONOMYNEXT - Sri Lanka plans to lease vehicles on five year contracts instead of purchasing vehicles outright for use by state agencies and state enterprises, cabinet spokesman, Gayantha Karunathilake said.

    Finance Minister Ravi Karunanayake had proposed to get vehicles on 'operating leases' to support leasing companies and system is expected to be more efficient and cost-effective than maintaining a large state vehicle fleet.

    The vehicles will be returned after 60-months and leasing companies will bear the cost of insurance and maintenance.

      Current date/time is Sun Jun 16, 2024 2:20 am