Larsen & Toubro has submitted the lowest offer for the New Delhi Railway Station Redevelopment Project

The lowest bid for the renovation of the New Delhi train station was made on Monday by Larsen & Toubro (L&T). In comparison to the railroads’ anticipated project cost of about Rs 5,000 crore, the quoted price is over Rs 8,740 crore, which is significantly more expensive.

The Cabinet Committee on Economic Affairs already gave its approval for the redevelopment of three important stations, including New Delhi, Ahmedabad, and Mumbai’s Chhatrapati Shivaji Maharaj Terminus, for a total of Rs 10,000 crore. The authority claims that they are considering every factor and that the decision-making process might take around a month.

For the first time, the Rail Land Development Authority invited private companies to submit proposals. For this entirely government-funded project, only L&T and Sapoorji Pallonji have made proposals.