diff --git a/app/assets/stylesheets/participation.scss b/app/assets/stylesheets/participation.scss
index 2152e07a7..6db84ed6f 100644
--- a/app/assets/stylesheets/participation.scss
+++ b/app/assets/stylesheets/participation.scss
@@ -1239,7 +1239,8 @@
       text-decoration: none;
     }
 
-    a {
+    a,
+    div {
       display: block;
       padding: $line-height / 2;
 
diff --git a/app/helpers/budgets_helper.rb b/app/helpers/budgets_helper.rb
index 8ace7ccfb..24dd935c2 100644
--- a/app/helpers/budgets_helper.rb
+++ b/app/helpers/budgets_helper.rb
@@ -1,5 +1,12 @@
 module BudgetsHelper
 
+  def heading_name_and_price_html(heading, budget)
+    content_tag :div do
+      concat(heading.name + ' ')
+      concat(content_tag(:span, budget.formatted_heading_price(heading)))
+    end
+  end
+
   def csv_params
     csv_params = params.clone.merge(format: :csv).symbolize_keys
     csv_params.delete(:page)
diff --git a/app/models/budget.rb b/app/models/budget.rb
index 8457ba1ac..28f37f4bc 100644
--- a/app/models/budget.rb
+++ b/app/models/budget.rb
@@ -21,6 +21,7 @@ class Budget < ActiveRecord::Base
   after_create :generate_phases
 
   scope :drafting, -> { where(phase: "drafting") }
+  scope :informing, -> { where(phase: "informing") }
   scope :accepting, -> { where(phase: "accepting") }
   scope :reviewing, -> { where(phase: "reviewing") }
   scope :selecting, -> { where(phase: "selecting") }
@@ -64,6 +65,10 @@ class Budget < ActiveRecord::Base
     phase == "drafting"
   end
 
+  def informing?
+    phase == "informing"
+  end
+
   def accepting?
     phase == "accepting"
   end
diff --git a/app/models/budget/phase.rb b/app/models/budget/phase.rb
index e625272d0..432c4b609 100644
--- a/app/models/budget/phase.rb
+++ b/app/models/budget/phase.rb
@@ -1,6 +1,6 @@
 class Budget
   class Phase < ActiveRecord::Base
-    PHASE_KINDS = %w(drafting accepting reviewing selecting valuating publishing_prices balloting
+    PHASE_KINDS = %w(drafting informing accepting reviewing selecting valuating publishing_prices balloting
                 reviewing_ballots finished).freeze
     PUBLISHED_PRICES_PHASES = %w(publishing_prices balloting reviewing_ballots finished).freeze
     SUMMARY_MAX_LENGTH = 1000
@@ -26,6 +26,7 @@ class Budget
     scope :enabled,           -> { where(enabled: true) }
     scope :published,         -> { enabled.where.not(kind: 'drafting') }
     scope :drafting,          -> { find_by_kind('drafting') }
+    scope :informing,         -> { find_by_kind('informing') }
     scope :accepting,         -> { find_by_kind('accepting')}
     scope :reviewing,         -> { find_by_kind('reviewing')}
     scope :selecting,         -> { find_by_kind('selecting')}
diff --git a/app/views/budgets/index.html.erb b/app/views/budgets/index.html.erb
index 9c0f08a85..99571e70a 100644
--- a/app/views/budgets/index.html.erb
+++ b/app/views/budgets/index.html.erb
@@ -67,9 +67,14 @@
           <ul class="no-bullet">
             <% group.headings.order_by_group_name.each do |heading| %>
               <li class="heading small-12 medium-4 large-2">
-                <%= link_to budget_investments_path(@budget.id, heading_id: heading.id) do %>
-                  <%= heading.name %>
-                  <span><%= @budget.formatted_heading_price(heading) %></span>
+                <% unless @budget.informing? %>
+                  <%= link_to budget_investments_path(@budget.id, heading_id: heading.id) do %>
+                    <%= heading_name_and_price_html(heading, @budget) %>
+                  <% end %>
+                <% else %>
+                  <div>
+                    <%= heading_name_and_price_html(heading, @budget) %>
+                  </div>
                 <% end %>
               </li>
             <% end %>
@@ -77,22 +82,24 @@
         <% end %>
       </div>
 
-      <div id="map">
-        <h3><%= t("budgets.index.map") %></h3>
-        <%= render_map(nil, "budgets", false, nil, @budgets_coordinates) %>
-      </div>
+      <% unless @budget.informing? %>
+        <div id="map">
+          <h3><%= t("budgets.index.map") %></h3>
+          <%= render_map(nil, "budgets", false, nil, @budgets_coordinates) %>
+        </div>
 
-      <p>
-        <%= link_to budget_investments_path(@budget.id) do %>
-          <small><%= t("budgets.index.investment_proyects") %></small>
-        <% end %><br>
-        <%= link_to budget_investments_path(budget_id: @budget.id, filter: 'unfeasible') do %>
-          <small><%= t("budgets.index.unfeasible_investment_proyects") %></small>
-        <% end %><br>
-        <%= link_to budget_investments_path(budget_id: @budget.id, filter: 'unselected') do %>
-          <small><%= t("budgets.index.not_selected_investment_proyects") %></small>
-        <% end %>
-      </p>
+        <p>
+          <%= link_to budget_investments_path(@budget.id) do %>
+            <small><%= t("budgets.index.investment_proyects") %></small>
+          <% end %><br>
+          <%= link_to budget_investments_path(budget_id: @budget.id, filter: 'unfeasible') do %>
+            <small><%= t("budgets.index.unfeasible_investment_proyects") %></small>
+          <% end %><br>
+          <%= link_to budget_investments_path(budget_id: @budget.id, filter: 'unselected') do %>
+            <small><%= t("budgets.index.not_selected_investment_proyects") %></small>
+          <% end %>
+        </p>
+      <% end %>
 
       <div id="all_phases">
         <h2><%= t("budgets.index.all_phases") %></h2>
diff --git a/config/locales/en/budgets.yml b/config/locales/en/budgets.yml
index 6e6481b28..b224cef34 100644
--- a/config/locales/en/budgets.yml
+++ b/config/locales/en/budgets.yml
@@ -30,6 +30,7 @@ en:
         unselected: See investments not selected for balloting phase
     phase:
       drafting: Draft (Not visible to the public)
+      informing: Informing
       accepting: Accepting projects
       reviewing: Reviewing projects
       selecting: Selecting projects
diff --git a/config/locales/es/budgets.yml b/config/locales/es/budgets.yml
index 17b1807cd..e5bef2a0d 100644
--- a/config/locales/es/budgets.yml
+++ b/config/locales/es/budgets.yml
@@ -30,6 +30,7 @@ es:
         unselected: Ver las propuestas no seleccionadas para la votación final
     phase:
       drafting: Borrador (No visible para el público)
+      informing: Información
       accepting: Presentación de proyectos
       reviewing: Revisión inicial de proyectos
       selecting: Fase de apoyos
diff --git a/db/migrate/20180119073228_add_description_informing_to_budgets.rb b/db/migrate/20180119073228_add_description_informing_to_budgets.rb
new file mode 100644
index 000000000..a6eb173e9
--- /dev/null
+++ b/db/migrate/20180119073228_add_description_informing_to_budgets.rb
@@ -0,0 +1,5 @@
+class AddDescriptionInformingToBudgets < ActiveRecord::Migration
+  def change
+    add_column :budgets, :description_informing, :text
+  end
+end
diff --git a/db/schema.rb b/db/schema.rb
index 5cdff80f1..219707f69 100644
--- a/db/schema.rb
+++ b/db/schema.rb
@@ -11,7 +11,7 @@
 #
 # It's strongly recommended that you check this file into your version control system.
 
-ActiveRecord::Schema.define(version: 20180112123641) do
+ActiveRecord::Schema.define(version: 20180119073228) do
 
   # These are extensions that must be enabled in order to support this database
   enable_extension "plpgsql"
@@ -219,6 +219,7 @@ ActiveRecord::Schema.define(version: 20180112123641) do
     t.string   "slug"
     t.text     "description_drafting"
     t.text     "description_publishing_prices"
+    t.text     "description_informing"
   end
 
   create_table "campaigns", force: :cascade do |t|
diff --git a/spec/factories.rb b/spec/factories.rb
index a357a0bb1..f9ffd1ef6 100644
--- a/spec/factories.rb
+++ b/spec/factories.rb
@@ -224,6 +224,7 @@ FactoryBot.define do
     currency_symbol "€"
     phase 'accepting'
     description_drafting  "This budget is drafting"
+    description_informing "This budget is informing"
     description_accepting "This budget is accepting"
     description_reviewing "This budget is reviewing"
     description_selecting "This budget is selecting"
@@ -237,6 +238,10 @@ FactoryBot.define do
       phase 'drafting'
     end
 
+    trait :informing do
+      phase 'informing'
+    end
+
     trait :accepting do
       phase 'accepting'
     end
diff --git a/spec/features/budgets/budgets_spec.rb b/spec/features/budgets/budgets_spec.rb
index 75348b56e..71c6c6e71 100644
--- a/spec/features/budgets/budgets_spec.rb
+++ b/spec/features/budgets/budgets_spec.rb
@@ -5,43 +5,69 @@ feature 'Budgets' do
   let(:budget) { create(:budget) }
   let(:level_two_user) { create(:user, :level_two) }
 
-  scenario 'Index' do
-    budgets = create_list(:budget, 3)
-    last_budget = budgets.last
-    group1 = create(:budget_group, budget: last_budget)
-    group2 = create(:budget_group, budget: last_budget)
+  context 'Index' do
+    let(:budgets) { create_list(:budget, 3) }
+    let(:last_budget) { budgets.last }
 
-    heading1 = create(:budget_heading, group: group1)
-    heading2 = create(:budget_heading, group: group2)
+    scenario 'Show normal index with links' do
+      group1 = create(:budget_group, budget: last_budget)
+      group2 = create(:budget_group, budget: last_budget)
 
-    visit budgets_path
+      heading1 = create(:budget_heading, group: group1)
+      heading2 = create(:budget_heading, group: group2)
+
+      last_budget.update_attributes(phase: 'informing')
+
+      visit budgets_path
+
+
+      within("#budget_heading") do
+        expect(page).to have_content(last_budget.name)
+        expect(page).to have_content(last_budget.description)
+        expect(page).to have_content(I18n.t('budgets.phase.informing'))
+        expect(page).to have_link 'Help with participatory budgets'
+        expect(page).to have_link 'See all phases'
+      end
 
-    within("#budget_heading") do
-      expect(page).to have_content(last_budget.name)
-      expect(page).to have_content(last_budget.description)
-      expect(page).to have_content("Actual phase")
       expect(page).to have_content("Accepting projects")
-      expect(page).to have_link 'Help with participatory budgets'
-      expect(page).to have_link 'See all phases'
+
+      last_budget.update_attributes(phase: 'publishing_prices')
+      visit budgets_path
+
+      within("#budget_heading") do
+        expect(page).to have_content(I18n.t('budgets.phase.publishing_prices'))
+      end
+
+      within('#budget_info') do
+        expect(page).to have_content group1.name
+        expect(page).to have_content group2.name
+        expect(page).to have_content heading1.name
+        expect(page).to have_content last_budget.formatted_heading_price(heading1)
+        expect(page).to have_content heading2.name
+        expect(page).to have_content last_budget.formatted_heading_price(heading2)
+
+        expect(page).to have_content budgets.first.name
+        expect(page).to have_content budgets[2].name
+      end
     end
 
-    last_budget.update_attributes(phase: 'publishing_prices')
-    visit budgets_path
+    scenario 'Show informing index without links' do
+      last_budget.update_attributes(phase: 'informing')
+      group = create(:budget_group, budget: last_budget)
+      heading = create(:budget_heading, group: group)
 
-    within("#budget_heading") do
-      expect(page).to have_content("Actual phase")
-    end
+      visit budgets_path
 
-    within('#budget_info') do
-      expect(page).to have_content group1.name
-      expect(page).to have_content group2.name
-      expect(page).to have_content heading1.name
-      expect(page).to have_content last_budget.formatted_heading_price(heading1)
-      expect(page).to have_content heading2.name
-      expect(page).to have_content last_budget.formatted_heading_price(heading2)
+      within('#budget_info') do
+        expect(page).not_to have_link "#{heading.name} €1,000,000"
+        expect(page).to have_content "#{heading.name} €1,000,000"
 
-      expect(page).to have_content budgets.first.name
-      expect(page).to have_content budgets[2].name
+        expect(page).not_to have_link "List of all investment projects"
+        expect(page).not_to have_link "List of all unfeasible investment projects"
+        expect(page).not_to have_link "List of all investment projects not selected for balloting"
+
+        expect(page).not_to have_css('div#map')
+      end
     end
   end
 
diff --git a/spec/models/budget/phase_spec.rb b/spec/models/budget/phase_spec.rb
index 5f9ea34c2..1fe39c20f 100644
--- a/spec/models/budget/phase_spec.rb
+++ b/spec/models/budget/phase_spec.rb
@@ -4,16 +4,18 @@ describe Budget::Phase do
 
   let(:budget)       { create(:budget) }
   let(:first_phase)  { budget.phases.drafting }
-  let(:second_phase) { budget.phases.accepting }
-  let(:third_phase)  { budget.phases.reviewing }
-  let(:fourth_phase) { budget.phases.selecting }
-  let(:final_phase)  { budget.phases.finished}
+  let(:second_phase)  { budget.phases.informing }
+  let(:third_phase) { budget.phases.accepting }
+  let(:fourth_phase)  { budget.phases.reviewing }
+  let(:fifth_phase) { budget.phases.selecting }
+  let(:final_phase) { budget.phases.finished}
 
   before do
     first_phase.update_attributes(starts_at: Date.current - 3.days, ends_at: Date.current - 1.day)
     second_phase.update_attributes(starts_at: Date.current - 1.days, ends_at: Date.current + 1.day)
     third_phase.update_attributes(starts_at: Date.current + 1.days, ends_at: Date.current + 3.day)
     fourth_phase.update_attributes(starts_at: Date.current + 3.days, ends_at: Date.current + 5.day)
+    fifth_phase.update_attributes(starts_at: Date.current + 5.days, ends_at: Date.current + 7.day)
   end
 
   describe "validates" do
@@ -90,7 +92,7 @@ describe Budget::Phase do
 
     describe "#next_phase_dates_valid?" do
       let(:error) do
-        "End date must be earlier than the end date of the next enabled phase (Reviewing projects)"
+        "End date must be earlier than the end date of the next enabled phase (Accepting projects)"
       end
 
       it "is invalid when end date is same as next enabled phase end date" do
diff --git a/spec/models/budget_spec.rb b/spec/models/budget_spec.rb
index cbc5fd5de..75e78a6dd 100644
--- a/spec/models/budget_spec.rb
+++ b/spec/models/budget_spec.rb
@@ -192,6 +192,7 @@ describe Budget do
 
   describe "#generate_phases" do
     let(:drafting_phase)          { budget.phases.drafting }
+    let(:informing_phase)       { budget.phases.informing }
     let(:accepting_phase)         { budget.phases.accepting }
     let(:reviewing_phase)         { budget.phases.reviewing }
     let(:selecting_phase)         { budget.phases.selecting }
@@ -204,7 +205,8 @@ describe Budget do
     it "generates all phases linked in correct order" do
       expect(budget.phases.count).to eq(Budget::Phase::PHASE_KINDS.count)
 
-      expect(drafting_phase.next_phase).to eq(accepting_phase)
+      expect(drafting_phase.next_phase).to eq(informing_phase)
+      expect(informing_phase.next_phase).to eq(accepting_phase)
       expect(accepting_phase.next_phase).to eq(reviewing_phase)
       expect(reviewing_phase.next_phase).to eq(selecting_phase)
       expect(selecting_phase.next_phase).to eq(valuating_phase)
@@ -215,7 +217,8 @@ describe Budget do
       expect(finished_phase.next_phase).to eq(nil)
 
       expect(drafting_phase.prev_phase).to eq(nil)
-      expect(accepting_phase.prev_phase).to eq(drafting_phase)
+      expect(informing_phase.prev_phase).to eq(drafting_phase)
+      expect(accepting_phase.prev_phase).to eq(informing_phase)
       expect(reviewing_phase.prev_phase).to eq(accepting_phase)
       expect(selecting_phase.prev_phase).to eq(reviewing_phase)
       expect(valuating_phase.prev_phase).to eq(selecting_phase)