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Nashik Unveils Rs 400-Crore Kumbh Bonds as Fadnavis Launches Rs 5,658-Crore Works

Incentive grants are expected to offset interest costs, making the new borrowing effectively cost-neutral for Nashik’s Kumbh buildout.

Overview

  • The municipal programme comprises Rs 200 crore in Clean Godavari bonds for sewage treatment and Rs 200 crore in Green Bonds for water supply, with the first tranche slated for a market launch by month-end.
  • Officials said AMRUT Incentive Award and Urban Challenge Fund support of about Rs 76 crore per bond is expected to cover interest over five to seven years.
  • Chief Minister Devendra Fadnavis performed foundation ceremonies for initial projects worth roughly Rs 5,658 crore, while stating the wider pipeline will reach Rs 20,000–25,000 crore.
  • Authorities outlined land planning for a 1,400-acre Sadhugram, including permanent acquisitions and temporary leases, to house akharas during the extended 2026–28 Kumbh period.
  • Plans include a ‘Digital Kumbh’ push with AI-enabled crowd and security management, centralized CCTV, river-cleanup measures at Ramkund and along the Godavari, and long-life upgrades such as an outer ring road.