India News | Tatas Win Contract to Construct New Parliament Building for Rs 861.9 Crores

New Delhi [India], September 16 (ANI): Tata Projects wins contract to construct the new Parliament building at a cost of Rs 861.9 crores, Central Public Works Department (CPWD) sources said.

"This cost includes operations and maintenance of the parliament for five years. Tata projects' financial bids were 8.40 per cent below the tender cost. Larsen and Toubro Ltd was the second bidder. Only two companies had applied for the financial bid," they said.

Also Read | Poco X3 India Launch Confirmed For September 22; Officially Teased Online On Flipkart.

According to sources, Larsen and Toubro Ltd submitted a bid of Rs 865 crores.

A target has been set to have the new Parliament building constructed by 2022.

Also Read | Nitin Gadkari Tests Positive for COVID-19, Opts for Self Isolation.

"The central hall of the present Parliament is 678 square metres but the new building will have Lok Sabha hall which would be 1,340 square metres. It could double up as central hall type facility as well," sources had earlier said.

Sources had said that there would be space for 1,200 MPs in Lok Sabha and 500 MPs in Rajya Sabha in the new building so that there would not be any difficulty in adjusting the increased number of members post delimitation. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)