In a pioneering move under the Swachh Bharat Mission–Urban, Ghaziabad Nagar Nigam (GNN) has successfully issued India's first Certified Green Municipal Bond, raising Rs.150 crore to fund a state-of-the-art Tertiary Sewage Treatment Plant (TSTP).

Project Overview

• The funds are allocated for constructing a 40 million litres per day (MLD) TSTP equipped with advanced Membrane Filtration Technologies, including microfiltration, ultrafiltration, nanofiltration, and reverse osmosis (RO). 
• The treated water will be supplied through a 95-kilometre pipeline network to over 1,400 industrial units in Ghaziabad, promoting water reuse and conservation.

Project Funding

• The project follows a Public-Private Hybrid Annuity Model (PPP-HAM), with 40% municipal funding, ensuring efficient implementation and financial discipline.
• The bond issuance reflects strong investor trust in GNN's sustainable initiatives and introduces enhanced financial transparency.