The Vadodara Municipal Corporation (VMC) is planning to issue Asia’s first certified green municipal bond for sustainable water infrastructure worth Rs 1 billion. The bond aims to foster sustainable urban development, aligned with the Paris Agreement, focusing on enhancing liquid wastewater management infrastructure. The bidding will be conducted by VMC. The authority has decided to mobilise Rs 1 billion, which is part of its contribution of Rs 6.2 billion for 47 projects worth Rs 12.2 billion, approved under the AMRUT 2.0 Scheme. The proceeds will be utilised to build two sewage treatment plants of 121 mld, located in Sherkhi and Undera, along with the development of one auxiliary pumping station at Bil.
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