Ghaziabad Issues India’s First Green Municipal Bond for TSTP
WATER & WASTE

Ghaziabad Issues India’s First Green Municipal Bond for TSTP

In a landmark initiative under the Swachh Bharat Mission–Urban, Ghaziabad has pioneered sustainable urban development by issuing India's first Certified Green Municipal Bond. This strategic move successfully raised Rs 1.5 billion to fund the construction of a state-of-the-art Tertiary Sewage Treatment Plant (TSTP), marking a significant step towards enhancing urban resilience and environmental sustainability.

The funds have been allocated to develop an advanced TSTP equipped with cutting-edge Membrane Filtration Technologies, including microfiltration, ultrafiltration, nanofiltration, and reverse osmosis (RO). These technologies ensure that treated wastewater meets the highest standards, making it suitable for industrial reuse and thereby conserving freshwater resources.

With a treatment capacity of 40 million litres per day (MLD), the TSTP is integrated with a 95-kilometre pipeline network, delivering treated water to over 1,400 industrial units across Ghaziabad. This initiative not only reduces dependency on freshwater sources but also transforms wastewater into a valuable resource supporting the city's industrial sector.

The project's innovative financial structure is noteworthy. Developed under the Public-Private Hybrid Annuity Model (PPP-HAM), with 40 per cent municipal funding, the approach streamlined implementation while ensuring financial discipline. The successful issuance of the Green Municipal Bond demonstrated investor confidence in Ghaziabad's sustainable approach and introduced a new level of financial transparency and discipline to the Urban Local Body (ULB).

Further solidifying its leadership in urban water management, Ghaziabad Nagar Nigam (GNN) contracted with over 800 firms to supply 9.5 MLD of tertiary treated water. This initiative garnered international recognition, with Ghaziabad receiving the Best Municipal Treated Water Reuse Award at the Water Digest World Water Awards 2024–25, acknowledging the city's excellence in water conservation, recycling, and sustainable water management.

The city's commitment to sustainable development attracted global attention. A delegation comprising 22 students and 4 faculty members from West Suffolk College, England, visited the Ghaziabad Municipal Corporation as part of an exposure visit. The team explored the TSTP and other municipal projects, gaining insights into Ghaziabad's dedication to smart cities and sustainable development.

Through its pioneering efforts in advanced water treatment technologies, innovative financial models, and unwavering commitment to environmental sustainability, Ghaziabad is leading the charge in India's quest for cleaner, smarter, and more resilient cities.

In a landmark initiative under the Swachh Bharat Mission–Urban, Ghaziabad has pioneered sustainable urban development by issuing India's first Certified Green Municipal Bond. This strategic move successfully raised Rs 1.5 billion to fund the construction of a state-of-the-art Tertiary Sewage Treatment Plant (TSTP), marking a significant step towards enhancing urban resilience and environmental sustainability.The funds have been allocated to develop an advanced TSTP equipped with cutting-edge Membrane Filtration Technologies, including microfiltration, ultrafiltration, nanofiltration, and reverse osmosis (RO). These technologies ensure that treated wastewater meets the highest standards, making it suitable for industrial reuse and thereby conserving freshwater resources.With a treatment capacity of 40 million litres per day (MLD), the TSTP is integrated with a 95-kilometre pipeline network, delivering treated water to over 1,400 industrial units across Ghaziabad. This initiative not only reduces dependency on freshwater sources but also transforms wastewater into a valuable resource supporting the city's industrial sector.The project's innovative financial structure is noteworthy. Developed under the Public-Private Hybrid Annuity Model (PPP-HAM), with 40 per cent municipal funding, the approach streamlined implementation while ensuring financial discipline. The successful issuance of the Green Municipal Bond demonstrated investor confidence in Ghaziabad's sustainable approach and introduced a new level of financial transparency and discipline to the Urban Local Body (ULB).Further solidifying its leadership in urban water management, Ghaziabad Nagar Nigam (GNN) contracted with over 800 firms to supply 9.5 MLD of tertiary treated water. This initiative garnered international recognition, with Ghaziabad receiving the Best Municipal Treated Water Reuse Award at the Water Digest World Water Awards 2024–25, acknowledging the city's excellence in water conservation, recycling, and sustainable water management.The city's commitment to sustainable development attracted global attention. A delegation comprising 22 students and 4 faculty members from West Suffolk College, England, visited the Ghaziabad Municipal Corporation as part of an exposure visit. The team explored the TSTP and other municipal projects, gaining insights into Ghaziabad's dedication to smart cities and sustainable development.Through its pioneering efforts in advanced water treatment technologies, innovative financial models, and unwavering commitment to environmental sustainability, Ghaziabad is leading the charge in India's quest for cleaner, smarter, and more resilient cities.

Related Stories

Gold Stories

Next Story
Real Estate

Adani begins construction of Dharavi rehabilitation homes

Construction of rehabilitation homes for eligible Dharavi residents has commenced at the 22-acre Matunga railway site, following a Bhoomi Poojan ceremony performed by Pranav Adani, Director, Adani Enterprises (AEL). The project, being implemented by Adani Navbharat Developers (ANDPL), envisages 10 towers comprising 10,432 rehabilitation apartments and 1,379 commercial and industrial units.Under the in-situ rehabilitation scheme, eligible residents will receive homes measuring 350 sq ft. Residents from Sectors 6 and 1 will be accommodated at Matunga first, followed by nearly 4,500 apartments fo..

Next Story
Equipment

Seven Propel 470 HEV electric tippers go to work on coal haulage in Chhattisgarh

Propel EV, the electric mobility division of Propel Industries and India's No. 1 electric tipper brand, has deployed seven 470 HEV electric trucks with a leading coal-haulage contractor at one of India's largest opencast coal mines in Chhattisgarh. The trucks are in daily operation, moving coal on continuous haul cycles in one of the most demanding applications in Indian mining.Why Electric - and Why CoalCoal haulage runs round the clock: heavy loads, long haul cycles, steep ramps and abrasive dust. It is also where diesel hurts most. Engines run continuously, fuel is the largest single operat..

Next Story
Infrastructure Transport

UP Cabinet Approves Renaming Jewar Airport After PM Modi

The Uttar Pradesh Cabinet has approved a proposal to rename Noida International Airport at Jewar as Narendra Modi International Airport, Noida-Jewar. Chief Minister Yogi Adityanath announced the decision after a Cabinet meeting, saying the airport represented a major contribution to the state and would become Uttar Pradesh’s largest airport and a significant aviation hub. The greenfield airport’s foundation stone was laid by Prime Minister Narendra Modi on November 25, 2021. He inaugurated Phase 1 on March 28, 2026, and commercial flights began on June 15. The facility is being developed a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code