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

Summary/Static	Details
Why in the news?	Ghaziabad Nagar Nigam’s Green Municipal Bond and sustainable water management initiative
Project Name	Tertiary Sewage Treatment Plant (TSTP)
Funding Mechanism	Certified Green Municipal Bond (₹150 crore) + PPP-HAM
Capacity	40 MLD with advanced membrane filtration technologies
Industrial Supply	1,400+ units via 95 km pipeline; 800+ firm contracts for 9.5 MLD water
Awards Received	Best Municipal Treated Water Reuse Award (Water Digest 2024–25)
Technology Used	Microfiltration, Ultrafiltration, Nanofiltration, RO
Partner Institutions	Government of India, Government of Uttar Pradesh