RMC nods Rs 2 bn green bond for city projects
ECONOMY & POLICY

RMC nods Rs 2 bn green bond for city projects

The Raipur Municipal Corporation (RMC) made history by approving a green bond of Rs 2 billion. It was aimed at generating funds during the financial year 2023-24 to support various development projects in the city.

Aijaz Dhebar, Mayor, presided over a meeting in the presence of Mayank Chaturvedi, Commissioner, which focused on allocating the raised funds to significant projects. It was decided that the funds would be used for several projects. The first one was the construction of a sports complex at Eidgah Bhata Hind Sporting Ground, with an estimated cost of Rs 250 million. Another project was the construction of a commercial complex at the old RMC office at Jaistambh Chowk, budgeted at Rs 600 crore. Additionally, the city would establish a TTP in Nimora and Kara STP, involving an expenditure of Rs 400 million. There were also plans for a state-of-the-art e-Bus project in Raipur, valued at Rs 800 million, and a commercial complex at Bhaisthan, with a budget of Rs 550 million.

The Mayor expressed that the issuance of municipal bonds and the funding of various projects would contribute to creating a more vibrant and sustainable city for the future.

Furthermore, they allocated Rs 200 million to purchase 10 electric buses, intending to promote sustainable transportation and reduce the city's carbon footprint. The tendering process for procuring these electric buses would commence shortly, as decided in the meeting. A total of 27 proposals were addressed during the gathering.

In addition to these developments, the meeting concluded with the decision to name two roads after freedom fighters. One road from Chandni Chowk to Bhatagaon Bus Stand would be named in memory of Late Jhumuk Lal Mahobia, while another road from Phool Chowk to Nayapara and Saraswati Kanya Shala would be named after Late Vishwanath Prasad Tiwari.

According to the Commissioner, these measures formed part of Raipur's ongoing efforts to enhance infrastructure and promote environmental sustainability.

Also read: 
Experion Capital Invests INR 2 Billion in Gurugram Luxury Project  
Tripura unveils ambitious plan: 500 MW Solar Power by 2030  


The Raipur Municipal Corporation (RMC) made history by approving a green bond of Rs 2 billion. It was aimed at generating funds during the financial year 2023-24 to support various development projects in the city. Aijaz Dhebar, Mayor, presided over a meeting in the presence of Mayank Chaturvedi, Commissioner, which focused on allocating the raised funds to significant projects. It was decided that the funds would be used for several projects. The first one was the construction of a sports complex at Eidgah Bhata Hind Sporting Ground, with an estimated cost of Rs 250 million. Another project was the construction of a commercial complex at the old RMC office at Jaistambh Chowk, budgeted at Rs 600 crore. Additionally, the city would establish a TTP in Nimora and Kara STP, involving an expenditure of Rs 400 million. There were also plans for a state-of-the-art e-Bus project in Raipur, valued at Rs 800 million, and a commercial complex at Bhaisthan, with a budget of Rs 550 million. The Mayor expressed that the issuance of municipal bonds and the funding of various projects would contribute to creating a more vibrant and sustainable city for the future. Furthermore, they allocated Rs 200 million to purchase 10 electric buses, intending to promote sustainable transportation and reduce the city's carbon footprint. The tendering process for procuring these electric buses would commence shortly, as decided in the meeting. A total of 27 proposals were addressed during the gathering. In addition to these developments, the meeting concluded with the decision to name two roads after freedom fighters. One road from Chandni Chowk to Bhatagaon Bus Stand would be named in memory of Late Jhumuk Lal Mahobia, while another road from Phool Chowk to Nayapara and Saraswati Kanya Shala would be named after Late Vishwanath Prasad Tiwari. According to the Commissioner, these measures formed part of Raipur's ongoing efforts to enhance infrastructure and promote environmental sustainability. Also read:  Experion Capital Invests INR 2 Billion in Gurugram Luxury Project  Tripura unveils ambitious plan: 500 MW Solar Power by 2030  

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?