The new parliament building will be constructed by Tata Projects Limited at a cost of ₹ 861.90 crore, officials said today.
The L&T Ltd had submitted a bid of Rs 865 crore, they said.
The Central Public Works Department opened the financial bids for the construction of a new parliament building today.
Earlier this year, the government had justified its decision to build a new parliament building saying the current structure was “showing signs of distress and over-use”.
Also, the Lok Sabha was likely to have more numbers after a reorganization of constituencies, and the current building had no space for an extra member in the house, the government said in response to opposition questions.
According to the design, the new triangular complex building is designed to include 120 offices with six separate entrances for members of the public, MPs and VIPs, including the Speaker and the vice president. It will house enlarged chambers for the Rajya Sabha and the Lok Sabha; the latter has been designed to accommodate 1,350 MPs in case of joint sessions. The public gallery will seat more than 336 persons.
The CPWD said the existing Parliament building will continue to function during the entire period of execution of the project.
The new Parliament building will be constructed close to the existing one under the Central Vista redevelopment project, and it is expected to be completed in 21 months.