Central Vista revamp: Larsen & Toubro bags three project works
ECONOMY & POLICY

Central Vista revamp: Larsen & Toubro bags three project works

Construction major Larsen and Toubro (L&T) Limited has secured the development and maintenance work for the first three buildings of the Common Central Secretariat under the Central Vista redevelopment plan.

As per the Central Public Works Department's (CPWD) tender documents, L&T Limited quoted about Rs 3,141 crore, which is 3.47% less than the expected value. The company presented a total proposal amount of Rs 31,41,99,87,657.

NCC Ltd quoted the second-lowest bid amount of approximately Rs 3,318 crore for the project which was 1.94% above the predicted cost.

The tender documents reveal that Tata Projects Limited quoted around Rs 3,546 crore, which is 8.96% above the estimated cost.

These new buildings will arise on the plot where the Indira Gandhi National Centre for the Arts is situated.

An official told the media that the Board of Central Public Works Department (CPWD), which has been implementing the Modi government's ambitious Central Vista Redevelopment Project, will decide on the tender work grant in the coming few days.

The official added that usually, the lowest bidder (L-1) is granted the deal.

Four infrastructure companies, Tata Projects, Uttar Pradesh Rajkiya Nirman Nigam Limited, Larsen & Toubro Limited and NCC Limited, had presented technical proposals for the development of the three buildings of the Common Central Secretariat.

Last month, the CPWD had updated the expected cost of development and maintenance of the three buildings of the Common Central Secretariat.

The expected value of construction and maintenance of these three buildings had been updated to about Rs 3,254 crore from Rs 3,408 crore.

Tata Projects Limited is building a new parliament building, while Shapoorji Pallonji and Company Limited is implementing the redevelopment work of the Central Vista Avenue extending from Rashtrapati Bhavan to India Gate.

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Also read: Central Vista redevelopment: Govt to develop defence enclave

Construction major Larsen and Toubro (L&T) Limited has secured the development and maintenance work for the first three buildings of the Common Central Secretariat under the Central Vista redevelopment plan. As per the Central Public Works Department's (CPWD) tender documents, L&T Limited quoted about Rs 3,141 crore, which is 3.47% less than the expected value. The company presented a total proposal amount of Rs 31,41,99,87,657. NCC Ltd quoted the second-lowest bid amount of approximately Rs 3,318 crore for the project which was 1.94% above the predicted cost. The tender documents reveal that Tata Projects Limited quoted around Rs 3,546 crore, which is 8.96% above the estimated cost. These new buildings will arise on the plot where the Indira Gandhi National Centre for the Arts is situated. An official told the media that the Board of Central Public Works Department (CPWD), which has been implementing the Modi government's ambitious Central Vista Redevelopment Project, will decide on the tender work grant in the coming few days. The official added that usually, the lowest bidder (L-1) is granted the deal. Four infrastructure companies, Tata Projects, Uttar Pradesh Rajkiya Nirman Nigam Limited, Larsen & Toubro Limited and NCC Limited, had presented technical proposals for the development of the three buildings of the Common Central Secretariat. Last month, the CPWD had updated the expected cost of development and maintenance of the three buildings of the Common Central Secretariat. The expected value of construction and maintenance of these three buildings had been updated to about Rs 3,254 crore from Rs 3,408 crore. Tata Projects Limited is building a new parliament building, while Shapoorji Pallonji and Company Limited is implementing the redevelopment work of the Central Vista Avenue extending from Rashtrapati Bhavan to India Gate. Image Source Also read: Central Vista redevelopment: Govt to develop defence enclave

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