[Federal Register Volume 71, Number 161 (Monday, August 21, 2006)]
[Notices]
[Pages 48559-48560]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-13697]


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MILLENNIUM CHALLENGE CORPORATION

[MCC FR 06-13]


Notice of Entering Into a Compact With the Government of the 
Republic of Benin; Correction

AGENCY: Millennium Challenge Corporation.

ACTION: Notice; correction.

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SUMMARY: In accordance with Section 610(b)(2) of the Millennium 
Challenge Act of 2003 (Pub. L. 108-199, Division D), the Millennium 
Challenge Corporation (MCC) published a summary and the complete text 
of the Millennium Challenge Compact between the United States of 
America, acting through the Millennium Challenge Corporation, and the 
Government of the Republic of Benin, dated February 22, 2006 (the 
``Compact''). The complete text of the Compact contained incorrect 
figures in Exhibit A to Annex II.

FOR FURTHER INFORMATION CONTACT: Maura Griffin, 202-521-3867.

Correction

    In the Federal Register of March 13, 2006, in FR Doc. 06-2252, on 
pages 12979-12980, replace ``Exhibit A.--Multi-Year Financial Plan 
Summary'' with the following:

                                                      Exhibit A.--Multi-Year Financial Plan Summary
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                       Project                             Year 1          Year 2          Year 3          Year 4          Year 5            Total
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1. Access to Land
  (a) Policy Activity................................         520,000         260,000         520,000               0               0          1,300,000
  (b) Registration Activity..........................       3,310,000       6,550,000       4,605,000       4,375,000       4,320,000         23,160,000
  (c) Services and Information Activity \1\..........         510,000       3,350,000       3,205,000       2,775,000         620,000         10,460,000
  (d) IEC Activity...................................         100,000         150,000         100,000         100,000          50,000            500,000
  (e) Support Strategy Activity......................         120,000         120,000         120,000         120,000         120,000            600,000
                                                      --------------------------------------------------------------------------------------------------
    Sub-Total........................................       4,560,000      10,430,000       8,550,000       7,370,000       5,110,000         36,020,000
 
2. Access to Financial Services
  (a) Capacity Building Activity.....................       1,770,000       3,570,000       3,870,000       3,570,000         270,000         13,050,000
  (b) Financial Enabling Environment Activity........       1,380,000       1,850,000       1,540,000       1,140,000         690,000          6,600,000
                                                      --------------------------------------------------------------------------------------------------
    Sub-Total........................................       3,150,000       5,420,000       5,410,000       4,710,000         960,000         19,650,000
 
3. Access to Justice
  (a) Arbitration Center (CAMeC) Activity............         400,000         160,000         140,000         180,000               0            880,000
  (b) Business Registration Activity.................         470,000         830,000         330,000         200,000               0          1,830,000
  (c) Courts Activity \2, 3\.........................       2,960,000       6,860,000       8,590,000       6,590,000       6,560,000         31,560,000
                                                      --------------------------------------------------------------------------------------------------
    Sub-Total........................................       3,830,000       7,850,000       9,060,000       6,970,000       6,560,000         34,270,000
 
4. Access to Markets
  (a) Studies Activity...............................       5,993,000       2,101,000               0               0               0          8,094,000
  (b) Port Institutional Activity....................       3,251,000       4,876,000       1,196,000         980,000       1,016,000         11,319,000
  (c) Port Security and Landside Improvements                 200,000      23,154,000      42,158,000       8,151,000         200,000         73,863,000
   Activity \4 \.....................................
  (d) Waterside Improvements Activity \5\............               0               0      22,939,000      53,232,000               0         76,171,000
                                                      --------------------------------------------------------------------------------------------------
    Sub-Total........................................       9,444,000      30,131,000      66,293,000      62,363,000       1,216,000        169,447,000
 
Monitoring and Evaluation............................       3,190,000       1,690,000       1,240,000       1,240,000       1,420,000          8,780,000
                                                      --------------------------------------------------------------------------------------------------
 
    Sub-Total........................................       3,190,000       1,690,000       1,240,000       1,240,000       1,420,000          8,780,000
 
Program Administration and Control
  (a) Program Administration \6\.....................       3,395,000       2,795,000       2,933,000       2,919,000       3,015,000         15,057,000
  (b) Fiscal and Procurement Agent...................       3,398,688       3,398,688       3,398,688       3,398,688       3,398,688         16,993,440
  (c) Audits.........................................       1,416,120       1,416,120       1,416,120       1,416,120       1,416,120          7,080,600
                                                      --------------------------------------------------------------------------------------------------
    Sub-Total \7\....................................       8,209,808       7,609,808       7,747,808       7,733,808       7,829,808         39,131,040
                                                      ==================================================================================================
        Total Estimated MCC Contribution \8\.........      32,383,808      63,130,808      98,300,808      90,386,808      23,095,808       307,298,040
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\1\ MCC Disbursements in connection with this Activity shall be conditioned upon, among others, the completion, satisfactory to MCC, of the relevant
  studies in Policy Activity and incorporation of the recommendations into implementation plans as appropriate.
\2\ After the first $1 million for the legal aid services sub-activity described in Section 2(c)(iv) of Schedule 3 to Annex I, any additional MCC
  Disbursement for this sub-activity shall be conditioned upon the Government obtaining matching funds to support the legal aid services program
  described in Section 2(c)(iv) of Schedule 3 of Annex I.

[[Page 48560]]

 
\3\ MCC Disbursements in connection with the new courthouses sub-activity described in Section 2(c)(v) of Schedule 3 to Annex I, shall be conditioned
  upon, among others, passage of the Procedural Code and certain other codes, which codes should contain adequate provisions in areas as may be
  specified by MCC in the relevant Supplemental Agreement (including with respect to the Procedural Code, provisions pertaining to the speed with which
  court cases are heard, and the means by which cases proceed through the courts).
\4\ MCC Disbursements in connection within the landside improvements sub-activity described in Section 2(c)(ii) of Schedule 4 of Annex I shall be
  conditioned upon, among others, the following: (i) renegotiation of existing concession and lease agreements on terms acceptable to MCC that provide
  for capital investment based upon the demand for Port services, (ii) a contract management program of the dry bulk conveyor system acceptable to MCC,
  (iii) the completion of Initial Technical Studies, (iv) a Government commitment of funding, or commitments obtained from another funding source
  (satisfactory to MCC) for amounts in excess of budgeted amount in the Detailed Financial Plan, including amounts that may be necessary for
  environmental and mitigation, and (v) subject to results, satisfactory to MCC, of feasibility studies and ESIA that includes an environmental audit
  and EMP, (vi) redesign of the fish inspection facility, (vii) completion of a World Bank privatization and competitiveness study, and (viii) selection
  of a construction management agent.
\5\ MCC Disbursement in connection with the waterside improvements sub-activity described in Section 2(d) of Schedule 4 of Annex I shall be conditioned
  upon, among others, the following: (i) satisfactory results of the Initial Technical Studies, (ii) demonstration, satisfactory to MCC, of improvements
  in customs and warehouse systems operations, (iii) implementation of recommendations of the independent financial auditor, (iv) obtaining
  environmental permits, (v) a Government commitment of funding, or commitments obtained from another funding source (satisfactory to MCC) for amounts
  in excess of budgeted amount in the Detailed Financial Plan, including amounts that may be necessary for environmental and mitigation, (vi) results,
  satisfactory to MCC, of feasibility studies and ESIA that includes an environmental audit and EMP and (vii) the completion of a long-term management
  services agreement for the operation of a Port sedimentation facility (or other harbor dredging program, as appropriate) on terms satisfactory to MCC.
 
\6\ The total administration budget as a percentage of the Program cost is equal to 5.61%.
\7\ The total implementation budget as a percentage of the Program cost is equal to 14.59%.
\8\ Total Government contribution of 5 billion CFA to be included in the annual national budget (1.25 billion CFA per year during the first four years
  of Compact) and to be allocated in a manner agreed upon by the Parties in writing.


    Dated: August 15, 2006.
John C. Mantini,
Acting General Counsel, Millennium Challenge Corporation.
 [FR Doc. E6-13697 Filed 8-18-06; 8:45 am]
BILLING CODE 9210-01-P