The Telangana government has received a bank loan of Rs 11.5 billion from Indian Overseas Bank. Due to this, the Phase III proposal to construct 50 missing link roads in Greater Hyderabad and its surrounding areas in five packages is likely to proceed. The new roads will help improve connectivity in the region and reduce traffic congestion, benefiting commuters and businesses alike. These crucial roads will be taken up by the Hyderabad Metropolitan Development Authority and Hyderabad Road Development Corporation Limited.