Nashik Municipal Corporation is set to raise ₹400 crore by issuing new bonds to fund key infrastructure for the 2027 Simhastha Kumbh Mela. The plan, announced by Commissioner Manisha Khatri, includes two ₹200 crore issuances: Clean Godavari Municipal Bonds and Green Bonds for water‑supply projects.
The Clean Godavari Bonds will finance sewage‑treatment plants that will keep the Godavari River and Ramkund area clean for pilgrims. The Green Bonds will support new water‑supply schemes, improving access to clean water across the city. The bonds will launch in the market by month‑end and will benefit from AMRUT Incentive Awards worth about ₹76 crore per bond, essentially covering the interest over a 5‑7 year term. This makes the borrowing interest‑free.
Khatri said the municipal corporation must now contribute 25 % of project costs after receiving state approval. For permanent infrastructure, that share is roughly ₹1 000 crore, following a ₹350 crore loan last Kumbh Mela. The new ring road, river‑cleanup works, and facilities at airports and railways will also be accelerated.
Chief Minister Devendra Fadnavis ordered the rapid completion of all major works, stressing that cleanliness and security are paramount for the event. He called for immediate fund approvals for the ring road, water‑cleanup projects, and the centralised CCTV system, and urged the use of AI for policing.
The 2027 Simhastha Kumbh Mela, hosted on the banks of the Godavari, will host millions of devotees. Nashik’s bond launch aims to deliver the necessary infrastructure—water, sanitation, transport, and safety—while reducing the financial burden on the state.
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