New Parliament Cost Shoots Up By 29 Per Cent, To Over 1,250 Crore
NDTV
The 29 per cent hike over the budgeted cost of Rs 977 crore comes more than a year after the groundbreaking ceremony, which took place in December 2020.
The new parliament building, the highlight of the government's flagship Central Vista project, will cost another Rs 282 crore, sources said. The 29 per cent hike over the budgeted cost of Rs 977 crore comes more than a year after the groundbreaking ceremony, which took place in December 2020. Forty per cent of the work is completed by Tata Projects, which is executing the project.
The building schedule, however, remains the same, sources said. The proposed four-storied building, spread over 13 acres -- a stone's throw from Rashtrapati Bhavan -- was initially expected to be finished before the country's 75th Independence Day this year. Later, the deadline was set at October.
There has been no restriction on the construction which is in place for other projects on account of Covid.
The restrictions were removed after the government informed the Supreme Court that the construction is of national importance.
