1. The Millennium Challenge Corporation (the “MCC”) and the Government of Moldova (the “Government”) have entered into a Millennium Challenge Compact for Millennium Challenge Account assistance to help facilitate poverty reduction through economic growth in Republic of Moldova (the “Compact”) in the amount of approximately 262,000,000 USD (the “MCC Funding”). The Government, acting through the Millennium Challenge Account – Moldova, a public institution established under the laws of the Republic of Moldova as the Accountable Entity for the Compact (the “MCA-Moldova”), intends to apply a portion of the MCC Funding to eligible payments under a contract for which the Request for Proposals is issued. Any payments made under the proposed
contract will be subject, in all respects, to the terms and conditions of the Compact and related documents, including restrictions on the use of MCC funding and conditions to the disbursements of MCC funding. No party other than the Government and the MCA-Moldova shall derive any rights from the Compact or have any claim to the proceeds of MCC Funding.
2. The goal of a Compact would be to reduce poverty through economic growth. The Compact contains the following components:
* Road Rehabilitation Project (RRP). The project objectives are: (i) improve profitability and marketability of goods carried on the roads, (ii) improve access to social services among communities serviced by the roads, and (iii) improve road safety. The project comprises the rehabilitation of a 93 km segment of the M2 national road that starts at Sarateni, Telenesti junction and goes through Soroca rayon up to the Drochia junction.
* Transition to High Value-added Agriculture (THVA) Project. The project objectives are: (i) increase rural incomes by stimulating growth in irrigated high value agriculture; and (ii) catalyze future investments in high value agriculture by establishing a successful and sustainable model of irrigation system and water resource management and a favorable institutional and policy environment for irrigated agriculture.
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