India’s First Certified Green Municipal Bond

Current Context: Ghaziabad Nagar Nigam has made history by becoming the first Urban Local Body (ULB) in India to issue a Certified Green Municipal Bond, raising ₹150 crore for establishing an advanced Tertiary Sewage Treatment Plant (TSTP) under the Swachh Bharat Mission–Urban.

About the Green Municipal Bond Initiative

• Purpose of the Bond: To fund the development of a state-of-the-art Tertiary Sewage Treatment Plant (TSTP) aimed at promoting sustainable water management in Ghaziabad.
• Tertiary Sewage Treatment Plant (TSTP):
  • Capacity: 40 Million Litres per Day (MLD).
  • Technologies Used: Microfiltration, Ultrafiltration, Nanofiltration, and Reverse Osmosis (RO).

Recognition: Awarded the Best Municipal Treated Water Reuse Award by Water Digest for 2024–25.

About Green Municipal Bonds (GMBs)

• Green Municipal Bonds are non-convertible debt securities issued by municipal bodies to raise funds specifically for projects that have positive environmental and/or climate impacts, such as renewable energy, sustainable water management, and pollution control.