Hyderabad: Indian Overseas Bank’s chief regional manager, Ranjaya Mishra, presented the sanction letter of INR 1150 crores to the Hyderabad Road Development Corporation (HDRC) for the missing link roads project in Hyderabad.
As per the proposal, the missing link roads project covers 12 Municipalities surrounding the Greater Hyderabad Municipal Corporation (GHMC) areas. Hyderabad Metropolitan Development Authority (HMDA) and HDRC will undertake the road construction project, as per a tweet by the special chief secretary, Arvind Kumar.
Chief Regional Manager of Indian Overseas Bank Mr. Ranjaya Mishra handing over the sanction letter of ₹1150 crores for #HRDC missing link roads project proposed in 12 Municipalities adjacent to @GHMCOnline.
These crucial roads will be taken up by @HMDA_Gov & #HRDC
— Arvind Kumar (@arvindkumar_ias) February 15, 2023
With over 1.51 crore vehicles in Telangana, nearly half of them operate on the roads of Hyderabad. The construction of these missing link roads is scheduled to commence in the coming days, and it is expected to enhance mobility, ease traffic, and promote the growth of commercial enterprises.
On November 16, 2022, the state government proposed the development of 104 link roads under the Missing Links Projects (Phase-III) at a cost of Rs 2410 crore. The Greater Hyderabad Municipal Corporation (GHMC) will undertake the development of 72 roads, measuring 95.47 km and surrounding 10 Urban Local Bodies within its limits, at a cost of Rs 1160 crore.