Govt. Ends 25-Year Monopoly with New Vehicle Number Plate Contract 📈

The Cabinet of Ministers has approved a five-year contract awarded to South Asian Technologies Ltd. for the printing and supply of vehicle number plates. This strategic move aims to resolve a severe registration backlog and modernize a system that operated under a monopoly for over two decades. • Key Contract Details: Awarded for a duration of 5 years following a competitive bidding process involving four bidders. Implementation follows the 2025 lifting of vehicle import controls, which triggered a surge in registrations. • Economic Impact & Revenue: The transition aims to improve State revenue collection; previously, the Government did not receive revenue generated through plate sales. Cost Neutrality: Minister Dr. Nalinda Jayatissa confirmed there will be no additional cost to vehicle owners despite the system upgrade. • Operational Goals: Addresses the shortage that forced new vehicles to use temporary paper signs. Enhances transparency and efficiency within the transport and logistics infrastructure. The Government will enforce strict performance conditions to ensure system reliability and value for money.