Indian firm IRB Infrastructure Developers’ special purpose vehicle, Udaipur Tollway, has achieved a full commercial operation date (COD) for a highway project.

The COD has been given for the Udaipur-Gujarat border six-laning project in India’s Rajasthan state.

Udaipur Tollway received the completion certificate from the National Highway Authority of India (NHAI).

The company will now be able to collect toll at full tariffs, which will be around 55% higher than current tariffs.

Udaipur Tollway has signed a concession agreement with the NHAI for a 21-year concession period.

Under the agreement, the company has agreed to develop, operate and maintain the section of the National Highway (NH) Eight project that runs from Udaipur to the Rajasthan-Gujarat border. This project is part of India’s Golden Quadrilateral project.

Udaipur Tollway will expand a 113.8km stretch of NH Eight from four to six lanes on a design, build, finance, operate and transfer basis.

IRB Infrastructure Developers chairman and managing director Virendra Mhaiskar said: “This is our third project to achieve a full COD during the difficult times of the Covid-19 pandemic, after the previous two, namely Yedeshi-Aurangabad in Maharashtra and Agra-Etawah in Uttar Pradesh.

“The corridor will now provide congestion-free, safe and more comfortable travel to commuters with greatly reduced travel time. We look forward to completing one more project in Rajasthan in the coming days.”

NH Eight begins in the city of Udaipur in Rajasthan and ends in the state of Gujarat. It connects the national capital Delhi to Mumbai, India’s financial capital, as well as other major cities along the way.