L&T Gets Contract For ‘Statue of Unity’ Project For Rs 2,979 Crore

Leading engineering company Larsen and Toubro (L&T) has bagged the contract for building 'Statue of Unity,' the world's tallest statue of India's first Home Minister Sardar Vallabhbhai Patel.

The 182-metre tall statue, which would be double the size of New York's 'Statue of Liberty' (93 metres), will cost Rs 2,979 crore, said Gujarat Chief Minister Anandi Patel.

"This huge construction work will be completed in four years at a cost of Rs 2,979 crore. The contract has been given to the country's leading construction company Larsen and Toubro. Rs 1,347 crore will be spent on the main statue, Rs 235 crore will be spent on the exhibition hall and convention centre, while Rs 83 crore will be spent on the bridge connecting the memorial to the main land and Rs 657 crore would be spent to maintain the structure until 15 years after it is completed," Patel said in her address, while giving the contract order to L&T.

"The project will include an exhibition hall and audio- visual presentation on the life of Sardar Vallabhbhai Patel, which will become the centre of attraction for tourists from the all over the world," she said.

This ambitious project was launched by Narendra Modi on October 31, 2013, when he was the chief minister of Gujarat.