Tata Projects Ltd won the bid to construct new parliament building in the financial tender held on Wednesday by Central Public Works Department (CPWD), the agency for creation and maintenance of all government assets.
It was in last month, the government shortlisted three Mumbai-based construction companies to submit final bids for the new Parliament complex. Tata
Projects won by quoting Rs 861.90 crore while Larsen & Toubro submitted a bit of Rs 865 crore and Shapoorji Pallonji & Company didn’t participate in the bit.
The new building will be built near the existing one, as the part of Prime Minister Narendra Modi government’s dream project, the Central Vista in New Delhi.
The plan consists a new triangular parliament building with spacious seating arrangements with the plot number 118 the Parliament House Estate. A common central secretariat and revamping of the 3-km-long Rajpath from Rashtrapati Bhavan to India Gate are also the part of the plan.
Work is about to begin just after the ongoing Monsoon Session of Parliament comes to an end and expected to be complete in 21 months by 2022. The existing North and South blocks will be converted into museums after the completion of the construction of new building.