Tata Projects limited emerged as the lowest bidder for the development of the new Parliament complex

Tata Projects limited emerged as the lowest bidder for the development of the new Parliament complex and is likely to be awarded the contract for the project.

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Tata Projects limited emerged as the lowest bidder for the development of the new Parliament complex and is likely to be awarded the contract for the project. Officials said an award letter is still to be given.

On Wednesday, the bids for the project were finalised which saw Tata Projects submit a bid for 
861.90 crore and Larsen & Toubro Limited posted a bid 865 crore. The Central Public Works Department (CPWD) had put a tender out for the project which had estimated the cost to be 889 crore.

“It will take a few days for the official letter to come. The bids for the Parliament project were opened on Wednesday and we received three bids. Tata’s bid emerged as the lowest. We received three bids today but only two had completed all the requirements. There was no figure quoted in the third bid,” a government official said on the condition of anonymity.

A Tata Projects spokesperson confirmed that they were the lowest bidder for the project.

The tender is being awarded a year after the union ministry for housing and urban affairs announced their plan to build a new Parliament building, construct a new common central secretariat for all ministries and redevelop the grand central vista running from Rashtrapati Bhawan to India Gate. The deadline for the redevelopment and construction of the new Parliament building is 2022.

According to the plan, a new triangular shaped Parliament building will be constructed while the current Parliament building will be re-developed. The exterior structure of the historic building will kept intact. The project is expected to be completed in 21 months. The new building will be constructed close to the current Parliament which will continue to function. The construction is expected to begin after the ongoing monsoon session of Parliament. The new building will also accommodate more seats in both the houses along with chambers for all the members.