The CPWD has prepared a five-year vision document which seeks to take up a number of initiatives, including creation of Special Purpose Vehicles (SPVs) to execute redevelopment works through alternate funding.
An official said the Central Public Works Department (CPWD) also has plans to establish a dedicated research, development and innovation centre.
The move comes at a time when the Lok Sabha elections are scheduled to be held in seven phases in April and May.
Asserting that the CPWD's vision document for the next five years sets goals of the agency, the official said, "This vision document also seeks to attain a 25 per cent annual growth in the workload of the department by taking works of Ministry of External Affairs, roads and highways, and state governments."