Kochi Corpn. Budget proposes Green Bond to fund green-blue-grey infrastructure development
The Hindu
Kochi Corporation's Budget proposes a Green Bond to finance sustainable infrastructure development, enhancing eco-friendly urban growth and resilience.
The Kochi Corporation Budget has announced plans to issue a Green Bond aimed at financing Kochi’s comprehensive green-blue-grey infrastructure development.
The initiative seeks to integrate technology, eco-friendly practices, and water resource management to create climate-resilient and biodiversity-friendly urban growth.
As a city of backwaters and canals, Kochi is considered ideally suited for such a development model. The projects to be included under the Green Bond will focus on nature-based solutions, including modernisation of canals, creation of new blue-green spaces, rejuvenation of existing ones, development of interconnected green corridors across public spaces, and eco-friendly freight and transport facilities.
Mayor V.K. Minimol presents a bouquet to Deputy Mayor Deepak Joy after he presented the 2026–27 Budget of the Kochi Corporation on February 24. | Photo Credit: R.K. Nithin
The Green Bond will be structured in line with guidelines issued by the Reserve Bank of India, Securities and Exchange Board of India, and the Union government’s 2026–27 Budget proposals.
The project aimed at expanding green spaces across the city has been allocated ₹1 crore. Conceived as a comprehensive initiative, the programme aims to mitigate the urban heat island phenomenon and strengthen resilience against climate change.
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Kochi Corporation's Budget proposes a Green Bond to finance sustainable infrastructure development, enhancing eco-friendly urban growth and resilience.
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