# 2024-31066: America Updates Its Deal With Nepal, World Barely Notices

2024-31066, Notice of First Amendment to Compact With the Federal Democratic Republic of Nepal, is a Federal Register notice from an unnamed agency published 2025-01-02, effective Representatives of the United States Government and the Government of the Federal Democratic Republic of Nepal plan to conclude the Amendment in January 2025. This Amendment shall enter into force on the date of the last signature of the Parties. (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2024-31066
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2024-31066
- Title: Notice of First Amendment to Compact With the Federal Democratic Republic of Nepal
- Type: Notice
- Agencies: unknown
- Citation: unknown
- Published: 2025-01-02
- Effective: Representatives of the United States Government and the Government of the Federal Democratic Republic of Nepal plan to conclude the Amendment in January 2025. This Amendment shall enter into force on the date of the last signature of the Parties.
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

America Updates Its Deal With Nepal, World Barely Notices

## Summary

The U.S. and Nepal are teaming up to boost Nepal’s electricity and road projects by adding $50 million to their existing $500 million deal. This extra cash helps cover rising costs caused by delays and global inflation, making sure the electricity transmission project stays on track. The amendment is set to be finalized in January 2025, powering up Nepal’s energy future and keeping roads in great shape.

## Abstract

In accordance with the Millennium Challenge Act of 2003, as amended, the Millennium Challenge Corporation is publishing a summary, justification, and full text of the proposed First Amendment to Millennium Challenge Compact between the United States of America, acting through the Millennium Challenge Corporation, and the Federal Democratic Republic of Nepal. Representatives of the United States Government and the Government of the Federal Democratic Republic of Nepal plan to conclude the Amendment in January 2025.

## Effects PRIA read

- MCC adds $50 million for Nepal power: benefit, medium. The Millennium Challenge Corporation will provide up to $50,000,000 in additional funding to Nepal’s existing Compact, increasing total Program Funding to $525,977,559.41. The extra money is meant to cover higher costs for the Electricity Transmission Project caused by delays and global inflation s…
- Funding enables transmission contracts: benefit, medium. The Amendment says the extra funding will allow the accountable entity to sign contracts for the electricity transmission line work once re-procurement is complete, preserving contingency and helping maximize the remaining implementation period. The notice states procurement for the line was not in…

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## Sources
- [2024-31066 on federalregister.gov](https://www.federalregister.gov/documents/2025/01/02/2024-31066/notice-of-first-amendment-to-compact-with-the-federal-democratic-republic-of-nepal)
- [2024-31066 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-01-02/pdf/2024-31066.pdf)

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Source: PRIA, https://policyrisk.com/federal-register/2024-31066 (as of 2026-06-08).