Ghaziabad Issues India's First Green Municipal Bond

Ghaziabad Nagar Nigam has issued India’s first certified Green Municipal Bond, raising significant funds to develop a state-of-the-art Tertiary Sewage Treatment Plant (TSTP) aimed at enhancing urban resilience and environmental sustainability. The advanced TSTP employs modern membrane filtration technologies, enabling treated wastewater to meet high standards suitable for industrial reuse, thus conserving freshwater resources and supporting over 1,400 industrial units. The project is recognized for its innovative financial structure, implemented via a public-private hybrid annuity model and certified for sustainability compliance through alignment with Green Bond Principles and independent third-party audits. This initiative has garnered international recognition and serves as a replicable framework for other municipalities in India, setting a benchmark in sustainable urban infrastructure and water management.