Context:
Ghaziabad has taken a pioneering step in promoting sustainable infrastructure and urban resilience, under the Swachh Bharat Mission-Urban, by successfully issuing India’s first Certified Green Municipal Bond, raising ₹150 crore for the development of astate-of-the-art Tertiary Sewage Treatment Plant (TSTP).
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- This initiative is a transformative move that demonstrates Ghaziabad’s dedication to building a sustainable future for its residents.
- The funds raised will be used to develop an advanced TSTP, a cutting-edge facility designed to treat and reuse wastewater on an unprecedented scale.
- The issuance of the Green Municipal Bond represents a new era in India’s financial landscape, offering a sustainable model for funding urban infrastructure.
- This project is not just a water treatment plant but a blueprint for future Indian cities, blending financial discipline with environmental responsibility, with support from the Government of India and Uttar Pradesh.
- At the core of this initiative is the TSTP, a technological masterpiece that employs advanced Membrane Filtration Technologies, including microfiltration, ultrafiltration, nanofiltration, and reverse osmosis (RO).
- These advanced technologies operate in synergy to ensure the treated water meets the highest quality standards, making it ideal for reuse in various industrial processes.
- With a treatment capacity of 40 MLD, TSTP is linked to a 95 km pipeline, providing treated water to over 1,400 industrial units in Ghaziabad, converting wastewater into a valuable resource and reducing dependence on freshwater.
- The project’s success is attributed not only to its technological and environmental advancements but also to its innovative financial structure.
- Developed under the Public-Private Hybrid Annuity Model (PPP-HAM) with 40% municipal funding, this public-private partnership streamlined implementation while maintaining financial discipline.
- GNN’s successful raising of ₹150 crore through Green Bond issuance reflected investor confidence in the city’s sustainable approach, bringing greater financial transparency and discipline to the Urban Local Body (ULB).
- GNN also signed contracts with over 800 firms to supply 9.5 MLD of tertiary treated water, further cementing the city’s leadership in urban water management.
- Ghaziabad’s innovative approach gained global recognition when it received the Best Municipal Treated Water Reuse Award at the Water Digest World Water Awards 2024-25, honoring the city’s excellence in water conservation, recycling, and sustainable management.