Shapoorji Pallonji and Company Limited has emerged as the lowest bidder for the Central Vista Avenue/Rajpath redevelopment project quoting Rs 477.08 crore, which is 4.99 per cent less than the estimated cost.
Tata Projects quoted the second-lowest bid amount of Rs 488.78 crore.
Apart from Shapoorji Pallonji and Company Limited and Tata Projects Limited, NCC Ltd and ITD Cementation India Limited hadqualified for the opening of financial bids.ITD Cementation India Limited quoted the bid amount of Rs 490.59 crore while NCC Ltd quoted Rs 601.46 crore as the bid amount, according to Ministry of Housing and Urban Affairs.
The Rajpath redevelopment project includes large scale stone work, construction of underpasses, underground amenities blocks and horticulture work.The work may be completed before the 2022 Republic Day parade.
In September last year, Tata Project had won the tender work for the construction of the new Parliament building.
On Thursday, the Supreme Court gave the green signal to the Central Vista revamp project, holding there was no infirmity in the grant of environment clearance and permissions for change of land use.
Official said that the historic Rajpath will go for redevelopment work soon after hosting the Republic Day parade on January 26.
In its notice inviting tender, the Central Public Works Department (CPWD), which is executing the Central Vista project, said that the redevelopment work of Central Vista Avenue will be executed in a phased manner so that some parts of Rajpath are available for visitors.
