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.

Next Story
Infrastructure Energy

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Next Story
Infrastructure Urban

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Next Story
Infrastructure Energy

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?