2nd Phase

The main targets of the Program’s 2nd Phase (2010-2015) are the creation of new areas, the implementation of PAs, and FAP’s capitalization

The budget for the 2nd Phase is US$ 121 million, including the contributions from state and federal governments.  The 2nd Phase started in October 2010, with the release of R$ 5 million (Brazilian Real) as the first part of the donation by BNDES (the Brazilian Development Bank), totaling R$ 20 million (Brazilian Real).  Besides those funds, KfW and the World Bank respectively invested € $ 20 million (Euros) and US$ 15.9 million.

Targets for the 2nd Phase are the following:

· Support the creation of 13.5 million ha of new strict protection and sustainable use areas.
· Implement 32 million ha of PAs which were supported in the 1st Phase, including 6.5 million hectares in PAs not yet supported by the Program.  A total of 23 million ha will be implemented according to Degree I and 9 million ha to Degree II.
· Raise the principal of the Protected Areas Fund (FAP) to US$ 70 million (which corresponds to the total amount to be capitalized in the 2nd Phase).