British officials say they will spend 1 million pounds (USD 1.5 million) interring the 15th-century ruler, whose skeleton was found earlier this year beneath a parking lot in the central England city of Leicester.
Officials at Leicester Cathedral said today that Richard will be buried "with honour beneath a raised tomb within a specially created area in the cathedral."
The plans also include a new floor and a stained glass window.
His remains are due to be reburied next year.