Notice2022-27678
Notice of Entering Into a Compact With the Government of Benin
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
December 21, 2022
Issuing agencies
Millennium Challenge Corporation
Abstract
In accordance with the provisions of the Millennium Challenge Act of 2003, as amended, the Millennium Challenge Corporation (MCC) is publishing a summary of the Millennium Challenge Compact (Compact) between the United States of America, acting through MCC, and the Government of Benin. Representatives of MCC and the Government of Benin executed the Compact on December 14, 2022. The complete text of the Compact has been posted at: https://assets.mcc.gov/content/uploads/ benin-concurrent-compact.pdf.
Full Text
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<title>Federal Register, Volume 87 Issue 244 (Wednesday, December 21, 2022)</title>
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[Federal Register Volume 87, Number 244 (Wednesday, December 21, 2022)]
[Notices]
[Page 78130]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-27678]
[[Page 78130]]
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MILLENNIUM CHALLENGE CORPORATION
[MCC FR 22-18]
Notice of Entering Into a Compact With the Government of Benin
AGENCY: Millennium Challenge Corporation.
ACTION: Notice.
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SUMMARY: In accordance with the provisions of the Millennium Challenge
Act of 2003, as amended, the Millennium Challenge Corporation (MCC) is
publishing a summary of the Millennium Challenge Compact (Compact)
between the United States of America, acting through MCC, and the
Government of Benin. Representatives of MCC and the Government of Benin
executed the Compact on December 14, 2022. The complete text of the
Compact has been posted at: <a href="https://assets.mcc.gov/content/uploads/benin-concurrent-compact.pdf">https://assets.mcc.gov/content/uploads/benin-concurrent-compact.pdf</a>.
(Authority: 22 U.S.C. 7709 (b)(3))
Dated: December 15, 2022.
Thomas G. Hohenthaner,
Acting VP/General Counsel and Corporate Secretary.
Summary of Benin Concurrent Compact
Overview of MCC Benin Compact
MCC's five-year, $202,000,000 concurrent Compact with the Republic
of Benin (Government) aims to further regional economic integration,
increased regional trade, or cross-border collaboration with Niger. The
Compact intends to reduce poverty through economic growth by addressing
important market and institutional constraints along the transport
corridor that connects Cotonou, Benin and Niamey, Niger (Corridor),
enabling these countries to gain access to larger markets, attract
increased private sector investment, and strengthen both intra-regional
and global trade ties. The Compact will address these constraints
through two projects that seek to achieve this goal by reducing
transportation costs along the Corridor. The Government also will
contribute approximately $15,150,000 to support the Compact program.
Project Summaries
The Compact is comprised of two projects:
1. Corridor Infrastructure Project: The objective of the Corridor
Infrastructure Project is to reduce transportation costs along the
Corridor with transportation costs including vehicle operating costs,
time-related costs, and injuries and deaths. The Project includes two
activities:
<bullet> Road Rehabilitation Activity: This activity aims to
rehabilitate and upgrade approximately 83 km of road between the cities
of Bohicon and Dassa with the potential to add complementary traffic
mitigation components.
<bullet> Road Maintenance Activity: This activity aims to support
the newly established Soci[eacute]t[eacute] des Infrastructures
Routi[egrave]res et de l'Am[eacute]nagement du Territoire to implement
the annual road maintenance program developed by the Ministry of
Infrastructure and Transport's Direction G[eacute]n[eacute]rale des
Infrastructures de Transport.
2. Efficient Corridor Operations Project: The objective of the
Efficient Corridor Operations Project is to reduce transportation costs
along the Corridor including vehicle operating costs, time-related
costs, injuries and deaths as well as costs related to unreliable
processes and market inefficiencies. The Project includes two
activities:
<bullet> Freight Sector Operations Improvement Activity: This
activity aims to promote meaningful reforms intended to impact and
improve the efficiency of truck freight sector operations by addressing
axle load management, regulatory review and capacity building, freight
vehicle regulation, and the organization and establishment of a
corridor authority.
<bullet> Customs Border Operations Improvement Activity: This
activity aims to support improvements to the Beninese custom border
operations at the Malanville-Gaya crossing between Benin and Niger in
order to improve the fluidity of corridor operations.
Benin Compact Budget
The table below presents the Compact budget and sets forth both the
MCC funding allocation by Compact components and the Government's
expected $15,150,000 contribution toward the objectives of the Compact.
Benin Compact Total Budget
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Component MCC funding
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1. Corridor Infrastructure Project................... $143,313,000
1.1 Road Rehabilitation Activity................. 139,113,000
1.2 Road Maintenance Activity.................... 4,200,000
2. Efficient Corridor Operations Project............. 26,000,000
2.1 Freight Sector Operations Improvement 20,555,000
Activity........................................
2.2 Customs Border Operations Improvement 5,445,000
Activity........................................
3. Monitoring and Evaluation......................... 1,500,000
4. Program Management and Administration............. 31,187,000
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Total MCC Funding................................ 202,000,000
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Total compact funding Amount
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Total MCC Funding.................................... 202,000,000
Government of Benin Contribution..................... 15,150,000
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Total Compact.................................... 217,150,000
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[FR Doc. 2022-27678 Filed 12-20-22; 8:45 am]
BILLING CODE 9211-03-P
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</html>Indexed from Federal Register on December 21, 2022.
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