BMC Turns To Municipal Bonds For First Time To Fund Mega Infrastructure Push
In a significant shift in its financing strategy, the Brihanmumbai Municipal Corporation (BMC) has begun the process of raising funds from capital markets by issuing municipal bonds—marking the first such move in its 133-year history. Traditionally regarded as India’s wealthiest civic body, the BMC is now exploring market-based funding as it grapples with rising financial […]
BMC Weighs Municipal Bonds To Fund Water & Coastal Infrastructure Push
The Brihanmumbai Municipal Corporation (BMC) is laying the groundwork to tap the capital markets as it explores issuing municipal bonds to finance large-scale water and coastal infrastructure projects. The move has gained momentum following Union Finance Minister Nirmala Sitharaman’s recent announcement of a Rs 100-crore incentive for municipal bond issuances exceeding Rs 1,000 crore, which […]