New parliament to finish in 2014 : House speaker

The new Parliament which will be located in Kiek Kai area of Bangkok will consume about Bt5 billion of the national budget.

"It is expected that the construction of the new Parliament will be finished and it could be opened for functioning in 2014 at the latest," he said.

Chai was speaking after presiding over a religious rite marking the 78th anniversary of the founding of the Thai parliament. He paid respect to the statues of King Rama V and VII in front of the Parliament.

The first group of Members of Parliament convened for the first time on June 28, 1932.