Home NewsTop NewsGNN issues India’s first Certified Green Municipal Bond for sustainable water management

GNN issues India’s first Certified Green Municipal Bond for sustainable water management

by Constro Facilitator
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GNN issues India’s first Certified Green Municipal Bond for sustainable water management

Ghaziabad Nagar Nigam (GNN) has achieved a significant milestone by issuing India’s inaugural Certified Green Municipal Bond as part of the Swachh Bharat Mission-Urban, successfully raising ₹150 crore to finance a Tertiary Sewage Treatment Plant (TSTP).

The TSTP employs cutting-edge Membrane Filtration Technologies, such as microfiltration, ultrafiltration, nanofiltration, and reverse osmosis (RO), ensuring that the treated water adheres to the highest standards for reuse in industrial applications. With a treatment capacity of 40 MLD, the facility is integrated into a 95 km pipeline network, delivering treated water to more than 1,400 industrial establishments throughout Ghaziabad.

Developed under the Public-Private Hybrid Annuity Model (PPP-HAM), the TSTP received 40 percent of its funding from municipal sources. This innovative financial model facilitated efficient project execution and showcased investor confidence in Ghaziabad’s sustainable initiatives.

By partnering with over 800 companies to provide 9.5 MLD of tertiary treated water, Ghaziabad further solidifies its position as a leader in urban water management. Such initiatives have earned Ghaziabad the Best Municipal Treated Water Reuse Award at the Water Digest World Water Awards 2024-25. Additionally, the project attracted international interest, leading a delegation from West Suffolk College, England, to visit and examine Ghaziabad’s dedication to sustainable development.

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