Nashik Launches Green Bonds to Fund Infrastructure for Simhastha Kumbh Mela 2027

The Nashik Municipal Corporation is accelerating infrastructure projects ahead of the 2027 Simhastha Kumbh Mela, including development of 28 roads, 4 bridges, and major water supply upgrades. To finance these, NMC has launched its first public green bond issue, valued up to Rs 200 crore, open from February 25 to March 2. The bonds will fund environmentally sustainable water projects, with quality controls and third-party monitoring in place. Officials urge public participation and cooperation during construction.