Tata Wins It! Bags Contract For Construction Of New Parliament Building With A Bid Of Rs 865 Crores

The construction of the new parliament building is tentatively planned to be concluded in a year and is a part of the major central vista redevelopment project.

Representational Picture (Getty)

New Delhi: Tata Projects has been finalised for the project of the new parliament building that will be constructed at a cost of Rs 861.90 crores. The company has bagged the project after beating Larsen and Toubro who submitted a bid of Rs 865 crores. ALSO READ | UK Returns Stolen Sculptures Of Lord Ram, Sita & Lakshman To India After 40 Years Earlier, sources had revealed that the Central Public Works Department opened financial bids for the construction of the new Parliament building on Wednesday. Tata Projects Ltd has submitted a bid of Rs 861.90 crores and Larsen and Toubro Ltd has submitted a bid of Rs 865 crores. The construction of the new parliament building is tentatively planned to be concluded in a year. The government civic body had come up with an estimated cost of Rs 940 crores. The proposed new building is supposed to have two-stories with a basement and a ground. Reportedly, the building will be a triangular complex that will have a tricolored beam lighting up the sky overhead. The Lok Sabha hall is planned to be big enough to house 1,350 MPs during a joint parliament session. The new Parliament building will be constructed under the  20,000 crore Central Vista Project which was unveiled last year by Prime Minister Narendra Modi. The plan is to redevelop the 3-km stretch from Rashtrapati Bhavan to India Gate in Lutyens' Delhi. A report by PTI revealed that on September 2, 2019, the government had floated a request for proposal for the "development or redevelopment of Parliament Building, Common Central Secretariat and Central Vista". However, there has been opposition to the decision with the general public and opposition parties asking if the exorbitant expenditure on Central Vista is necessary in the times of economic hardships induced by the Coronavirus pandemic. Earlier this year, the government had justified its decisions stating that the current structure was "showing signs of distress and over-use". WATCH | Union Govt unaware about laborers death during lockdown