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BRAZIL'S GROWTH ACCELERATION PROGRAM'S SECOND PHASE (PAC 2) COMPLETES 3 YEARS WITH 82.3% OF PROJECTS COMPLETED

The strategic investment program that combines management initiatives and public works has completed 76.1 percent of its investment target for 2011-2014

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BRASÍLIA, BRAZIL - February 20, 2014 (www.investorideas.com newswire) After three years of operation, the second phase of Brazil's Growth Acceleration Program (PAC 2) has completed 82.3 percent of the projects planned for 2011-2014. Overall infrastructure investment under the program reached R$ 583 billion as of December 31, 2013, including projects in energy, logistics, social development and urban infrastructure. The result is 19.4 percent higher than the R$ 488.1 billion from the previous year.

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A total of R$ 773.4 billion had been invested under PAC 2 by December 31, 2013, or 76.1 percent of the budget allocated for Phase II over 2011-2014.

Main achievements of PAC 2 per core area of the program

Similar to the first phase of the program, PAC 2 focuses on investments in the areas of logistics, energy and social development, organized under six major initiatives: Energy (renewable energy, oil and gas); Transportation (highways, railways, airports); Better Cities (urban infrastructure); Bringing Citizenship to the Community (safety and social inclusion); My House, My Life (housing); and Water and Light for All (sanitation and access to electricity).

Energy (Renewable energy, oil and gas)

To date, PAC 2 has increased Brazil's energy generation capacity by 10,200 MW. Noteworthy in 2013 in this area were the Jirau (3,750 MW) and Santo Antônio (3,150 MW) hydroelectric power plants located in the northern Rondônia state, already in operation and currently generating a total 1,276 MW in installed capacity. Other smaller-capacity plants are currently operational in the South and Southeast regions.

To bring this energy to consumer markets, the National Interconnected System was strengthened and expanded with the conclusion of works on 31 transmission lines, adding a total of 9,828 km of power lines and 32 substations to the national network.

Twenty-six projects have been completed in oil production and exploration, eighteen in oil refining and petrochemicals, eight in fertilizers and natural gas and two in renewable fuels. As a result of a consolidating shipbuilding industry, two drilling rigs and eight oil production platforms have been completed, and the financing of 383 vessels and 13 shipyards was also granted.

In 2013, the shipbuilding industry delivered six oil production platforms: FPSO Paraty, P-63, P-55, P-58, P-62 and P-61, as well as four large ships, including two oil tankers.

A total of 24 oil platforms started production in 2013. The P-55 and P-63 platforms (in the Campos Basin) and Paraty FPSO, Itajaí and São Paulo platforms (Santos Basin) came into operation and helped discover six oil fields in the Pre-salt layer of the Santos Basin, three in the Campos Basin and seven granted under assignment for consideration.

The Abreu e Lima refinery in Pernambuco is 84 percent completed, while the Petrochemical Complex of Rio de Janeiro (Comperj) reached 66 percent completion.

Transportation (Highways, railways, airports)

Under PAC 2, Brazil has completed projects for 3,080 km of highways throughout the country, with investments of R$ 43.8 billion. Work is currently in progress on an additional 6,915 km of roads, of which 2,548 km are duplications and adjustments and 4,367 km are roads being built or paved.

A total 639 km of railroads have been completed, with a highlight being the 84 km-long extension of the Ferronorte line between Rondonópolis and Alto Araguaia (in Mato Grosso), completed last year.

The Ports program saw 21 projects completed including the Maritime Passenger Terminal of Recife (PE), the recovery of Berth 201 of the Port of São Francisco do Sul (SC), the construction of the Port Perimeter Avenue on the left bank of the port of Santos (SP), and the recovery and expansion of the commercial quay of the port of Vitória (ES).

As for airports, Brazil has increased its handling capacity by 15 million passengers per year with the completion of 22 projects throughout the country. These projects include the renovation and expansion of the passenger terminal at Foz do Iguaçú Airport, the expansion of the cargo terminal of the Curitiba Airport (Paraná) and new aprons for the runways of Salvador (Bahia) and Marabá (Paraná) airports.

Better Cities (Urban infrastructure)

Under the "Better Cities" area of PAC 2, 877 sanitation projects and 3,398 other urban improvement initiatives remaining from PAC 1, from 2007 to 2009 were completed in 2013. Total investment adds up to R$ 25 billion, with approximately 7.6 million families benefitting from the projects throughout Brazil. A total of 4,128 sanitation projects have been selected for execution since 2011, 54 percent of which have already been approved and will start early 2014.

Works to highlight include the expansion of the sewage system of the Baixada Santista (SP), which has benefitted more than 400,000 families.

Seven urban mobility projects have been completed over the three years of the program. Last year saw the completion of the São Leopoldo-Novo Hamburgo light rail (RS), the elevated train system in Porto Alegre (RS), the Boulevard Arrudas bypass in Belo Horizonte (MG), the Salvador light rail (BA) and the West and South lines of the Fortaleza Subway (CE). Work in progress includes 16 bus rapid transit (BRT) projects, 7 bus lanes, 1 monorail project, and 2 light rail vehicles (LRV) projects, among others.

Bringing Citizenship to the Community (Safety and social inclusion)

Under the "Citizen Community" area of the PAC 2, 1,404 Basic Health Units (UBS), 14 Emergency Care Units (UPAs), 223 nurseries and pre-schools, 481 sports fields in schools and 22 Unified Arts and Sports Centers (CEU) were built in 2013.

My House, My Life (Housing)

Investments in the "Minha Casa, Minha Vida" (MCMV) program reached R$ 328.1 billion in 2013, delivering 1.51 million housing units and benefitting more than five million Brazilians. The contracts add up to a total 3.24 million housing units, 2.24 million of which are contracted under the MCMV 2 in association with PAC 2.

Water and Light for All (Sanitation and access to electricity)

The "Light for All"' program had reach more than 455,000 power connections made as of December 2013, bringing electricity to approximately 1.8 million people living in the countryside, agrarian reform settlements, indigenous villages, traditional and riverside communities. Of this total, more than 170,000 citizens are beneficiaries of poverty reduction programs such as the "Brazil without Misery" plan.

On water resources, 25 construction projects and 50 sewage/water supply systems have been completed in 202 localities.

The São Francisco River Integration Project has construction in progress in every one of its locations, employing more than 8,700 workers and mobilizing about 2,700 pieces of machinery in the states of Ceará, Paraíba and Pernambuco (in northeastern Brazil). When completed, the project will ensure quality water to about 12 million people.

About SECOM:

The Secretariat for Social Communication (SECOM) of the Federative Republic of Brazil is responsible for coordinating the public relations activities for the government of Brazil. The official website of the Brazilian State is: www.brasil.gov.br. The official social media accounts for SECOM International are on Facebook and Twitter at http://www.facebook.com/BrazilGovNews/ and twitter.com/BrazilGovNews.

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