E6-13697. Notice of Entering Into a Compact With the Government of the Republic of Benin; Correction

AGENCY:

Millennium Challenge Corporation.

ACTION:

Notice; correction.

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

Project	Year 1	Year 2	Year 3	Year 4	Year 5	Total
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 Activity 4	200,000	23,154,000	42,158,000	8,151,000	200,000	73,863,000
(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
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 S chedule 3 of Annex I.
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.