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According to Lula, the new version of the program will have to be fulfilled by his successor. In order for this to happen, it needs to be in the 2011 budget.

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President Luiz Inácio Lula da Silva confirmed that the federal government is working in putting together the second Growth Acceleration Program (PAC) aim to improve the country’s infrastructure.

According to Lula, the new version of the program will have to be fulfilled by his successor. In order for this to happen, it needs to be in the 2011 budget.

The current PAC foresees investments of R$ 646 billion ($323 bln), of which about R$ 220 billion ($110 bln) in sanitation and habitation projects, that need partnerships with States and cities. The remaining of the investments will be used in infrastructure projects like energy, highways, railroads, ports and airports.
So far, the government reported, 77% of its nearly 2500 infrastructure projects are on schedule and 14% have been concluded. According to the report, 7% of the projects require attention and 2% present problems. The report indicated that through the end of April, 335 projects had been completed, representing investments of 62.9 billion reals ($32 bln).