From Sh4bn to Sh70m, State car leasing misses savings target

Former President Uhuru Kenyatta test-drives a leased car with his successor William Ruto (right) at Uhuru Park on November 7, 2013. PHOTO | NMG

Taxpayers saved an average of Sh70 million a year under the lucrative government vehicle leasing programme against the Sh4 billion that its promoters initially projected.

The findings of a new study commissioned by the Treasury show that the Jubilee government saved a total of Sh638 million in nine years under the vehicle leasing deal that it had banked on to trim heavy upfront acquisition costs and check run-away maintenance costs.

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Note: The results are not exact but very close to the actual.