Current Affairs - National - Discussion

Ghaziabad has made a significant step in urban sustainability by issuing India's first Certified Green Municipal Bond. The bond raised ₹150 crore to fund the construction of a Tertiary Sewage Treatment Plant (TSTP) under the Swachh Bharat Mission–Urban. This advanced facility, designed with state-of-the-art water recycling technologies, aims to treat water and improve recycling capabilities. Ghaziabad's pioneering move sets a benchmark for other cities in terms of environmental responsibility and financial innovation, utilizing the Public-Private Partnership – Hybrid Annuity Model (PPP-HAM) to fund this essential project for urban development.