Tata Projects Limited has been tasked with the construction of the new parliament building at ₹ 861.90 crores after it won the contract today. The project is expected to be completed in a year.
The Tata group beat Larsen and Toubro, who had submitted a bid of ₹ 865 crores for the contract. The Central Public Works Department had opened the financial bids for the contract today.
As per reports, the new building will be in the shape of a triangle and will be built close to the existing complex on “Plot Number 118” of the Parliament House Estate.
Earlier, the government had given justifications for its decision to build a new parliament building saying that the current building was “showing signs of distress and over-use”.
In response to the opposition, the government had said that the Lok Sabha was likely to have more members after a reorganization of constituencies and that the current parliament had no space for extra members in the house.
Notably, the new parliament building is part of the government’s central vista beautification project that has faced a lot of flack from the opposition and has also been challenged in court.