MCC To Negotiate for Proposed $480M Sierra Leone Compact

SL Compact Development

Vice President in charge of Congressional and Public Affairs in the United States of America, Aysha House, on Friday 12 April 2024 sent a Congressional Notification outlining the Millennium Challenge Corporation’s intent to negotiate a $480,669,000 Millennium Challenge Compact with the Government of Sierra Leone.

The proposed compact will assist the Government of Sierra Leone in addressing a binding constraint to economic growth, which is the insufficient availability of affordable and reliable electricity to satisfy demand among households, businesses, and social institutions. The proposed compact includes three key projects: (1) Transmission Backbone Project; (2) Distribution and Access Project; and (3) Power Sector Reform Project.

The transmittal sheet indicated that if any Member of Congress or their staff would like to arrange a meeting to discuss the proposed negotiations with the Government of Sierra Leone should contact Brian Forni at the MCC.

“This notification is being sent to the Congress on April 12, 2024, and negotiations with Sierra Leone may be started on or after 15 days from the date of this notification. In addition to the enclosed notification, we have included supplemental information regarding the planned compact.

Read the full document HERE.

Facebook
Twitter
LinkedIn
Pinterest

Follow Us

Favorite Video

you may like

Trending

img_4346
IMF Approves $248M to Boost Sierra Leone's Economic Stability
Untitled design
Nigerian Billionaire Proposes $5bn Investment in Sierra Leone’s Real Estate, Aviation 
1000w_q95
In Detroit and Freetown, Michigan and Sierra Leone Establish SPP Partnership
Morocco_Mano-River-Union_partnership
Morocco Reaches Out to Mano River Union for Regional Peace & Prosperity