The recent cabinet approval for the construction of a six-lane access-controlled Zirakpur bypass, spanning 19.2 kilometers at a cost of Rs. 1878.31 crore, marks a significant infrastructure development for the states of Punjab and Haryana. Executed on a Hybrid Annuity Mode (HAM), this project promises to alleviate congestion and enhance connectivity in a strategically important region.
The bypass, circumventing the increasingly congested Zirakpur area, is poised to significantly improve traffic flow and reduce travel time for commuters traversing between Punjab and Haryana. The implementation of the HAM model, where the government contributes a portion of the project cost upfront and the remaining payment is distributed over a fixed period, encourages private sector participation and ensures efficient project execution.
Beyond mere convenience, the project holds the potential to stimulate economic activity in the region. Improved connectivity can facilitate the efficient movement of goods and services, fostering trade and creating opportunities for industrial and commercial growth. The Zirakpur bypass, therefore, represents a strategic investment in infrastructure that promises to deliver tangible benefits to the regional economy and improve the overall quality of life for residents. Its successful completion will serve as a testament to the efficacy of the HAM model in driving essential infrastructure development.