In a major development, Tata Projects Ltd has won the bid to construct the new Parliament building. The new Parliament building will be constructed by Tata Projects Ltd at an estimated cost of Rs 861.90 crore.
The development comes after the Central Public Works Department (CPWD) opened financial bids on Wednesday for the construction of the new building. Sources said Tata Projects Ltd submitted a bid worth Rs 861.90 crore, whereas Larsen and Toubro Ltd quoted Rs 865 crore.
The new building will be built as part of the Narendra Modi government’s plan to redevelop the Central Vista in New Delhi. Sources said work on the new building is likely to start after the ongoing monsoon session of the Parliament comes to an end.
Last month, the government had come up with a shortened list of three Mumbai-based construction companies. The three companies had submitted their financial bids for the new building. The companies include Shapoorji Pallonji and Company, apart from Tata and L&T.
Need for a new building
The current Parliament building was built during the British-era and is circular in design. The building would be used for other purposes after it is repaired and renovated, government officials said.
The Union government had justified its decision to construct a new Parliament building time and again. It had said that the existing British-era structure was showing signs of distress and overuse.
This apart, the Lok Sabha will have to accommodate more MPs after the reorganisation of constituencies. The government has clarified that there was no space left to accommodate extra MPs in the house and a new Parliament building was the need of the time.
Central Vista project
The ambitious Central Vista project will cover the three-km stretch from Rashtrapati Bhavan to India Gate in Lutyens’ Delhi. A Gujarat-based architecture firm called HCP Designs has already won the consultancy bid to redevelop the Central Vista.
The revamp, announced in September last year, envisages a new triangular Parliament building. The new parliament building will have a seating capacity of 900 to 1,200 MPs. The building is likely to be completed by August 2022 when the country will be celebrating its 75th Independence Day. The common Central Secretariat is likely to be built by 2024.
CPWD has specified that the existing Parliament building shall continue to function during the execution of this project.
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