Construction of Statue of Unity is a State Government of Gujarat’s project being implemented by Sardar Sarovar Narmada Nigam Ltd. (SSNNL), a wholly owned Government of Gujarat Undertaking. As per the information received from SSNNL, the total amount likely to be spent on the project is Rs. 3060.88 crore. Out of this Rs. 2332 crore is towards construction of the statue and Rs. 657 crore is towards Operation and Maintenance (O&M) for 15 years after completion of the project. Both these activities have been awarded to Larsen and Toubro (L&T) which is an Indian construction company. Rs. 55.63 crore is likely to be spent towards Project Management Consultancy which has been awarded to a consortium of foreign companies. Further, Rs.16.25 crore is likely to be spent towards Proof Consultancy which has been given to joint venture of Tata Egis Ltd. This is a project of Government of Gujarat. The Central Government has not made any commitment regarding its contribution to the cost of the project. However, till date a sum of Rs. 300 crores has been provided to SSNNL for this project.
As informed by SSNNL, the tender for Engineering Procurement and Construction (EPC) contract was invited by SSNNL on 2.8.2013 before the launch of Make in India Campaign. The work order of the Statue of Unity was given on 21.10.2014 and Government of Gujarat proposes to undertake the work as per the provisions of the contract agreement.