Ghaziabad Nagar Nigam’s Issued Certified Green Municipal Bond

In a first-of-its-kind move towards sustainable urban infrastructure, Ghaziabad Nagar Nigam (GNN) has pioneered the use of Green Municipal Bonds to fund a state-of-the-art water recycling facility. This initiative not only highlights India’s evolving urban financial mechanisms but also sets a benchmark for environmental accountability and resource conservation.

Why in the News?

Ghaziabad Nagar Nigam has created history by becoming the first Urban Local Body (ULB) in India to issue a Certified Green Municipal Bond, raising ₹150 crore for establishing an advanced Tertiary Sewage Treatment Plant (TSTP) under the Swachh Bharat Mission–Urban.

Green Municipal Bond Issuance

• India’s first certified Green Municipal Bond
• Raised ₹150 crore to fund a Tertiary Sewage Treatment Plant (TSTP)
• Supported by Government of India and Government of Uttar Pradesh

Tertiary Sewage Treatment Plant (TSTP)

• Capacity: 40 MLD (Million Litres per Day)

Technologies used,

• Microfiltration
• Ultrafiltration
• Nanofiltration

Reverse Osmosis (RO)

• Delivers treated water through a 95 km pipeline
• Supplies to 1,400+ industrial units
• Contracts with 800+ firms for 9.5 MLD treated water

Financial Innovation – PPP-HAM Model

• Developed under Public-Private Partnership – Hybrid Annuity Model (PPP-HAM)
• 40% funding by Municipal Corporation
• Demonstrated financial discipline and investor confidence

Awards and Recognition

• Won Best Municipal Treated Water Reuse Award at Water Digest World Water Awards 2024–25