For Immediate Release May 10, 2012
Contact: 202-521-3850 Email: firstname.lastname@example.org
New MCC Compact with Zambia Expected to Benefit More than One Million People
Washington – The Millennium Challenge Corporation (MCC) signed a five-year, $354.8 million compact with the Republic of Zambia today to reduce poverty through sustainable economic growth in the country.
While attending the compact signing ceremony in Lusaka, MCC CEO Daniel Yohannes stated, “This is a landmark day for the people of Zambia. This $354.8 million compact will help transform water, sanitation and drainage in Lusaka, and improve the health and economic productivity of more than 1.2 million of the city’s residents.”
The compact consists of two major activities–infrastructure investments and institutional strengthening activities. The infrastructure activity is focused on expanding Lusaka’s water supply network; rehabilitating and enlarging sewer networks and improving the city’s drainage.
The institutional strengthening activity builds on more than 15 years of reform in the water and sanitation sector during which Zambia developed a viable utility, an independent regulator and a sound legal and regulatory structure. The compact will provide technical assistance to continue these reform efforts, improve sector management, enhance sustainability, and ensure that women and vulnerable populations benefit from MCC’s investments. This activity also aims to increase innovation in pro-poor service delivery through grants to community-based organizations, civil society and the private sector.
For more information about MCC and its programs around the world visit www.mcc.gov .