New Parliament Building: What Is The Cost Of Modi’s Ambitious Central Vista Project And Who Paid For It?

The construction of the new Parliament building as part of the ambitious Central Vista project has been a subject of both admiration and controversy. As the iconic structure nears completion, questions have arisen regarding the project’s cost and funding sources.
The Central Vista redevelopment plan, initiated by Prime Minister Narendra Modi’s government, aims to revamp the administrative and political heart of India’s capital, encompassing the Parliament, Rashtrapati Bhavan (Presidential Residence), and other government buildings. The centerpiece of this grand endeavor is the construction of a new Parliament building.Source:- mint
According to official estimates, the cost of the new Parliament building stands at approximately u20b9971 crore ($130 million). The modern and eco-friendly structure is designed to accommodate the evolving needs of the Indian Parliament and provide state-of-the-art facilities for its members.
Concerns have been raised about the project’s funding, especially in light of the ongoing COVID-19 pandemic and its impact on the country’s economy. The government has clarified that the funds for the Central Vista project, including the Parliament building, are being allocated from the Union Budget, which is supported by taxpayers’ money.
Critics argue that the substantial expense could have been better utilized to address pressing issues such as healthcare, education, and poverty eradication. They contend that investing in infrastructure during a time of crisis should prioritize the welfare of citizens rather than grand architectural endeavors.
Supporters of the project emphasize the long-term benefits and the symbolic significance of a new Parliament building. They argue that the existing structure, which has served as the seat of Indian democracy for decades, is cramped and outdated, requiring extensive renovations. The new building, with enhanced facilities and advanced technology, is expected to provide a more efficient and functional workspace for lawmakers, enabling them to fulfill their duties effectively.
It’s important to note that the Central Vista project, beyond the Parliament building, encompasses a broader redevelopment plan that includes the construction of new government offices and cultural spaces, as well as improved public amenities. The total estimated cost of the entire Central Vista project is approximately u20b920,000 crore ($2.7 billion).
As the completion of the new Parliament building draws closer, the debate surrounding its cost and funding continues to spark discussions across the nation. The government remains committed to the project, asserting that it will contribute to a modern and efficient governance infrastructure while respecting the democratic ideals of the country.
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