Brazilian President Luiz Inácio Lula da Silva's government announced federal funds in the amount of R$ 371 billion (US$ 75.62 billion) over four years for the creation of roads, railways, ports, and airports in what is known as the New Growth Acceleration Plan (New PAC), which is a re-edition of an initiative undertaken during his second term in office and in the early stages of the Dilma Rousseff administration.