+
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
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?