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Hike in material prices, GST jacks up new Parliament building cost, LS told
The New Indian Express Hyderabad
|February 07, 2024
THE construction of the new Parliament building and Vice-President Enclave saw cost escalation due to rising prices of essential materials like steel and cement, and hike in wages and GST rates, the Lok Sabha was informed on Thursday.
According to the ministry of housing and urban affairs, expenditures also increased because additional security provisions were made and changes in design of the buildings brought in considering the location in a seismic zone.
Responding to details sought about the timeline for the completion of the Central Vista Redevelopment Project, Union Minister of State for Housing and Urban Affairs Tokhan Sahu said that the construction of Common Central Secretariat (CCS) 1, 2 and 3 is expected to be completed by May.
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