[Federal Register Volume 71, Number 237 (Monday, December 11, 2006)]
[Notices]
[Pages 71579-71583]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-20982]


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MILLENNIUM CHALLENGE CORPORATION

[MCC FR 06-22]


Notice of Quarterly Report (July 1, 2006-September 30, 2006)

AGENCY: Millennium Challenge Corporation.

SUMMARY: The Millennium Challenge Corporation (MCC) is reporting for 
the quarter July 1, 2006 through September 30, 2006 with respect to 
both assistance provided under Section 605 of the Millennium Challenge 
Act of 2003 (Pub. L. 108-199, Division D (the Act)), and transfers of 
funds to other federal agencies pursuant to Section 619 of that Act. 
The following report shall be made available to the public by means of 
publication in the Federal Register and on the Internet Web site of the 
MCC (http://www.mcc.gov) in accordance with Section 612 (b) of the Act.

                                      Assistance Provided Under Section 605
----------------------------------------------------------------------------------------------------------------
                                                                           Quarterly
            Projects                 Obligated         Objectives        disbursements           Measures
----------------------------------------------------------------------------------------------------------------
                     Country: Madagascar Year: 2006 Quarter 4 Total Obligation: $109,773,000
           Entity to which the assistance is provided: MCA Madagascar Total Quarterly Disbursement: $0
----------------------------------------------------------------------------------------------------------------
Land Tenure Project............       $37,803,000  Increase Land                     $0  Legislative proposal
                                                    Titling and                           (``loin de cadrage'')
                                                    Security.                             reflecting the PNF
                                                                                          submitted to
                                                                                          Parliament and passed.
                                                                                         Percentage of land
                                                                                          documents inventoried,
                                                                                          restored, and/or
                                                                                          digitized.
                                                                                         Average time and cost
                                                                                          required to carry out
                                                                                          property-related
                                                                                          transactions at the
                                                                                          local and/or national
                                                                                          land services offices.
                                                                                          Time/cost to respond
                                                                                          to information
                                                                                          request, issue titles
                                                                                          and to modify titles
                                                                                          after the first land
                                                                                          right.
                                                                                         Number of land disputes
                                                                                          reported and resolved
                                                                                          in the target zones
                                                                                          and sites of
                                                                                          implementation.
                                                                                         Percentage of land in
                                                                                          the zones that is
                                                                                          demarcated and ready
                                                                                          for titling.
                                                                                         Promote knowledge and
                                                                                          awareness of land
                                                                                          tenure reforms among
                                                                                          inhabitants in the
                                                                                          zones (surveys).

[[Page 71580]]

 
Finance Project................        35,888,000  Increase                           0  Submission to
                                                    Competition in                        Parliament and passage
                                                    the Financial                         of new laws
                                                    Sector.                               recommended by outside
                                                                                          experts and relevant
                                                                                          commissions.
                                                                                         CPA Association (CSC)
                                                                                          list of accountants
                                                                                          registered.
                                                                                         Maximum check clearing
                                                                                          delay.
                                                                                         Volume of funds in
                                                                                          payment system and
                                                                                          number of
                                                                                          transactions.
                                                                                         Public awareness of new
                                                                                          financial instruments
                                                                                          (surveys).
                                                                                         Report of credit and
                                                                                          payment information to
                                                                                          a central database.
                                                                                         Number of holders of
                                                                                          new denomination T-
                                                                                          bill holdings, and T-
                                                                                          bill issuance outside
                                                                                          Antananarivo as
                                                                                          measured by Central
                                                                                          Bank report of
                                                                                          redemption date.
                                                                                         Volume of production
                                                                                          covered by warehouse
                                                                                          receipts in the zones.
                                                                                         Volume of MFI lending
                                                                                          in the zones.
                                                                                         MFI portfolio-at-risk
                                                                                          delinquency rate.
                                                                                         Number of new bank
                                                                                          accounts in the zones.
Agricultural Business                  17,683,000  Improve                            0  Number of rural
 Investment Project.                                Agricultural                          producers receiving or
                                                    Projection                            soliciting information
                                                    Technologies and                      from ABCs about the
                                                    Market Capacity                       opportunities.
                                                    in Rural Areas.                      Zones identified and
                                                                                          description of
                                                                                          beneficiaries within
                                                                                          each zone submitted.
                                                                                         Number of cost-
                                                                                          effective investment
                                                                                          strategies developed.
                                                                                         Number of plans
                                                                                          prepared.
                                                                                         Number of farmers and
                                                                                          business employing
                                                                                          technical assistance
                                                                                          received.
Program Administration* and            18,399,000  ..................                 0
 Control, Monitoring and
 Evaluation.
----------------------------------------------------------------------------------------------------------------


 
            Projects                 Obligated          Objective        Disbursements           Measures
----------------------------------------------------------------------------------------------------------------
                      Country: Honduras Year: 2006 Quarter 4 Total Obligation: $215,000,000
        Entity to which the assistance is provided: MCA Honduras Total Quarterly Disbursement: $1,370,000
----------------------------------------------------------------------------------------------------------------
Rural Development Project......       $72,195,000  Increase the                $898,000  Hours of technical
                                                    productivity and                      assistance delivered
                                                    business skills                       to Program Farmers
                                                    of farmers who                        (thousands).
                                                    operate small and                    Funds lent by MCA-
                                                    medium-size farms                     Honduras to financial
                                                    and their                             institutions
                                                    employees.                            (cumulative).
                                                                                         Hours of technical
                                                                                          assistance to
                                                                                          financial institutions
                                                                                          (cumulative).
                                                                                         Lien Registry equipment
                                                                                          installed.
                                                                                         Kilometers of farm-to-
                                                                                          market road upgraded
                                                                                          (cumulative).
Transportation Project.........       125,700,000  Reduce                       108,000  Kilometers of highway
                                                    transportation                        upgraded.
                                                    costs between                        Kilometers of secondary
                                                    targeted                              road upgraded.
                                                    production                           Number of weight
                                                    centers and                           stations built.
                                                    national,
                                                    regional and
                                                    global markets.
                                                                                         .......................
                                                                                         .......................
Program Administration* and            17,105,000  ..................           364,000
 Control, Monitoring and
 Evaluation.
----------------------------------------------------------------------------------------------------------------


 
                                                                           Quarterly
            Projects                 Obligated         Objectives        disbursements           Measures
----------------------------------------------------------------------------------------------------------------
                     Country: Cape Verde Year: 2006 Quarter 4 Total Obligation: $110,078,000
           Entity to which the assistance is provided: MCA Cape Verde Total Quarterly Disbursement: $0
----------------------------------------------------------------------------------------------------------------
Watershed and Agricultural            $10,848,000  Increase                          $0  Productivity:
 Support.                                           agricultural                          Horticulture (tons per
                                                    production in                         hectare).
                                                    three targeted                       Value-added for farms
                                                    watershed areas                       and agribusiness
                                                    on three islands.                     (millions of dollars).

[[Page 71581]]

 
Infrastructure Improvement.....        78,760,000  Increase                           0  Volume of goods shipped
                                                    integration of                        between Praia and
                                                    the internal                          other islands (tons).
                                                    market and reduce                    Mobility Ratio:
                                                    transportation                        Percentage of
                                                    costs.                                beneficiary population
                                                                                          who take at least 5
                                                                                          trips per month.
                                                                                         Savings on transport
                                                                                          costs from
                                                                                          improvements (million
                                                                                          dollars).
Private Sector Development.....         7,200,000  Spur private                       0  Value added in priority
                                                    sector                                sectors above current
                                                    development on                        trends (escudos).
                                                    all islands                          Volume of private
                                                    through increased                     investment in priority
                                                    investment in the                     sectors above current
                                                    priority sectors                      trends.
                                                    and through
                                                    financial sector
                                                    reform.
                                                                                         .......................
Program Administration* and            13,270,000  ..................                 0
 Control, Monitoring and
 Evaluation.
----------------------------------------------------------------------------------------------------------------


 
            Projects                 Obligated          Objective        Disbursements           Measures
----------------------------------------------------------------------------------------------------------------
                     Country: Nicaragua Year: 2006 Quarter 4 Total Obligation: $174,925,000
        Entity to which the assistance is provided: MCA Nicaragua Total Quarterly Disbursement: $668,000
----------------------------------------------------------------------------------------------------------------
Property Regularization Project       $26,400,000  Increase                     $67,000  Automated registry--
                                                    investment by                         cadastre database
                                                    strengthening                         installed.
                                                    property rights.                     Number of parcels with
                                                                                          a registered title,
                                                                                          rural and urban (total
                                                                                          of 21,000 and 22,000,
                                                                                          rural and urban,
                                                                                          respectively).
                                                                                         Projected areas
                                                                                          demarcated.
                                                                                         Number of projected
                                                                                          area management plans
                                                                                          implemented.
                                                                                         Number of conflicts
                                                                                          resolved by program
                                                                                          mediation.
Transportation Project.........        92,800,000  Reduce                             0  N-1 Road: Kilometers of
                                                    transportation                        road upgraded.
                                                    costs between                        Secondary Roads:
                                                    Leon and                              Kilometers of
                                                    Chinandega and                        secondary road
                                                    national,                             upgraded.
                                                    regional and
                                                    global markets.
                                                                                         .......................
Rural Business Development             33,500,000  Increase the value           208,000  Rural business
 Project.                                           added of farms                        development centers:
                                                    and enterprises                       Value of TA and
                                                    in the region.                        support services
                                                                                          delivered to program
                                                                                          businesses.
                                                                                         Improvement of water
                                                                                          supply for farming and
                                                                                          forest production:
                                                                                          Watershed Management
                                                                                          Action Plan.
                                                                                         Funds disbursed for
                                                                                          improvement of water
                                                                                          supply for farming and
                                                                                          forest production
                                                                                          projects.
Program Administration*, Due           22,225,000  ..................           393,000
 Diligence, Monitoring and
 Evaluation.
----------------------------------------------------------------------------------------------------------------


 
            Projects                 Obligated          Objective        Disbursements           Measures
----------------------------------------------------------------------------------------------------------------
                      Country: Georgia Year: 2006 Quarter 4 Total Obligation: $294,693,000
        Entity to which the assistance is provided: MCA Georgia Total Quarterly Disbursement: $6,509,000
----------------------------------------------------------------------------------------------------------------
Regional Infrastructure              $211,700,000  Key Regional              $6,189,000  Reduction in journey
 Rehabilitation.                                    Infrastructure                        time: Akhalkalaki-
                                                    Rehabilitated.                        Ninotsminda-Teleti
                                                                                          (hours).
                                                                                         Reduction in vehicle
                                                                                          operating costs
                                                                                          (cumulative).
                                                                                         Increase in internal
                                                                                          regional traffic
                                                                                          volumes (cumulative).
                                                                                         Decreased technical
                                                                                          losses.
                                                                                         Reduction in the
                                                                                          production of
                                                                                          greenhouse gas
                                                                                          emissions measured in
                                                                                          tons of CO2
                                                                                          equivalent.
                                                                                         Increased in collection
                                                                                          rate of GGIC.
                                                                                         Number of household
                                                                                          beneficiaries served
                                                                                          by RID projects
                                                                                          (cumulative).
                                                                                         Actual operations and
                                                                                          maintenance
                                                                                          expenditures (USD).

[[Page 71582]]

 
Regional Enterprise Development        47,500,000  Enterprises in                     0  Increase in annual
                                                    Regions Developed.                    revenue in portfolio
                                                                                          companies (in 1,000
                                                                                          USD).
                                                                                         Increase in number of
                                                                                          portfolio company
                                                                                          employees and number
                                                                                          of local suppliers.
                                                                                         Increase in portfolio
                                                                                          companies' wages and
                                                                                          payments to local
                                                                                          suppliers (in 1,000
                                                                                          USD).
                                                                                         Jobs created.
                                                                                         Increase in aggregate
                                                                                          incremental net
                                                                                          revenue to project
                                                                                          assisted firms (in
                                                                                          1,000 USD and
                                                                                          cumulative over five
                                                                                          years).
                                                                                         Direct household net
                                                                                          income (in 1,000 USD
                                                                                          cumulative over five
                                                                                          years).
                                                                                         Direct household net
                                                                                          income for market
                                                                                          information initiative
                                                                                          beneficiaries (in
                                                                                          1,000 USD cumulative
                                                                                          over five years).
                                                                                         Number of
                                                                                          beneficiaries.
Program Administration*, Due           35,493,000  ..................           320,000
 Diligence, Monitoring and
 Evaluation.
----------------------------------------------------------------------------------------------------------------


 
            Projects                 Obligated          Objective        Disbursements           Measures
----------------------------------------------------------------------------------------------------------------
                       Country: Vanuatu Year: 2006 Quarter 4 Total Obligation: $65,690,000
         Entity to which the assistance is provided: MCA Vanuatu Total Quarterly Disbursement: $448,000
----------------------------------------------------------------------------------------------------------------
Transportation Infrastructure         $60,690,000  Facilitate                        $0  Traffic volume (average
 Project.                                           transportation to                     annual daily traffic).
                                                    increase tourism                     Days road is closed
                                                    and business                          (number per annum).
                                                    development.                         Number of S-W Bay,
                                                                                          Malekula flights
                                                                                          cancelled due to
                                                                                          flooding (per annum).
                                                                                         Time of wharf (hours/
                                                                                          vessel).
Program Administration*, Due            5,000,000  ..................           448,000
 Diligence, Monitoring and
 Evaluation.
----------------------------------------------------------------------------------------------------------------


 
            Projects                 Obligated          Objective        Disbursements           Measures
----------------------------------------------------------------------------------------------------------------
                      Country: Armenia Year: 2006 Quarter 4 Total Obligation: $235,150,000
            Entity to which the assistance is provided: MCA Armenia Total Quarterly Disbursement: $0
----------------------------------------------------------------------------------------------------------------
Irrigated Agriculture Project..          $145,680  Increase                          $0  Increase in hectares
                                                    agricultural                          covered by HVA crops
                                                    productivity and                      (i.e., vegetables,
                                                    improve quality                       potato, fruits,
                                                    of irrigation.                        grapes).
                                                                                         Percentage of
                                                                                          respondents satisfied
                                                                                          with irrigation
                                                                                          services.
                                                                                         Share of WUA water
                                                                                          charges compared WUA
                                                                                          annual operations and
                                                                                          maintenance cost
                                                                                          (percentage).
                                                                                         Number of farmers using
                                                                                          better on-farm water
                                                                                          management: Drip
                                                                                          irrigation; ET Gage,
                                                                                          and soil moisture
                                                                                          monitoring.
                                                                                         Loans provided under
                                                                                          the project (USD in
                                                                                          thousands).
Rural Road Rehabilitation                       0  Better access to                   0  Annual increase in
 Project.                                           economic and                          irrigated land in
                                                    social                                project area
                                                    infrastructure.                       (hectares).
                                                                                         State budget
                                                                                          expenditures on
                                                                                          maintenance of
                                                                                          irrigation system (AMD
                                                                                          in millions).
                                                                                         Reduction in Kilowatt
                                                                                          hours used (thousand
                                                                                          KWh).
                                                                                         Share of water losses
                                                                                          compared to total
                                                                                          water intake
                                                                                          (percentage).
                                                                                         Share of WUA water
                                                                                          charges compared to
                                                                                          WUA annual operations
                                                                                          and maintenance cost
                                                                                          (percentage).
Program Administration*, Due           22,370,000  ..................                0
 Diligence, Monitoring and
 Evaluation.
* Program administration funds are used to pay items such as salaries, rent, and the cost of office equipment.
----------------------------------------------------------------------------------------------------------------


 
                                               619 Transfer funds
-----------------------------------------------------------------------------------------------------------------
                                                                                                  Description of
           U.S. Agency to which funds were transferred                Amount          Country       program or
                                                                                                      project
----------------------------------------------------------------------------------------------------------------
N/A.............................................................              $0             N/A             N/A
----------------------------------------------------------------------------------------------------------------



[[Page 71583]]

    Dated: December 5, 2006.
Frances C. McNaught,
Vice President, Congressional and Public Affairs, Millennium Challenge 
Corporation.
[FR Doc. E6-20982 Filed 12-8-06; 8:45 am]
BILLING CODE 9210-01-P