diff --git a/contrib/pgbench/pgbench.c b/contrib/pgbench/pgbench.c
index f5ac3b1..ce7e240 100644
--- a/contrib/pgbench/pgbench.c
+++ b/contrib/pgbench/pgbench.c
@@ -130,6 +130,11 @@ int			foreign_keys = 0;
 int			unlogged_tables = 0;
 
 /*
+ * logging step (inserts)
+ */
+int			log_step = 100000;
+
+/*
  * tablespace selection
  */
 char	   *tablespace = NULL;
@@ -356,6 +361,8 @@ usage(void)
 		   "               create tables in the specified tablespace\n"
 		   "  --unlogged-tables\n"
 		   "               create tables as unlogged tables\n"
+		   "  --logging-step NUM\n"
+		   "               how often to print info about init progress\n"
 		   "\nBenchmarking options:\n"
 		"  -c NUM       number of concurrent database clients (default: 1)\n"
 		   "  -C           establish new connection for each transaction\n"
@@ -1340,6 +1347,10 @@ init(bool is_no_vacuum)
 	char		sql[256];
 	int			i;
 
+	/* used to track elapsed time and estimate of the remaining time */
+	instr_time	start, diff;
+	double elapsed_sec, remaining_sec;
+
 	if ((con = doConnect()) == NULL)
 		exit(1);
 
@@ -1408,6 +1419,8 @@ init(bool is_no_vacuum)
 	}
 	PQclear(res);
 
+	INSTR_TIME_SET_CURRENT(start);
+
 	for (i = 0; i < naccounts * scale; i++)
 	{
 		int			j = i + 1;
@@ -1419,10 +1432,18 @@ init(bool is_no_vacuum)
 			exit(1);
 		}
 
-		if (j % 100000 == 0)
-			fprintf(stderr, "%d of %d tuples (%d%%) done.\n",
+		if (j % log_step == 0 || j == scale * naccounts)
+		{
+			INSTR_TIME_SET_CURRENT(diff);
+			INSTR_TIME_SUBTRACT(diff, start);
+			
+			elapsed_sec = INSTR_TIME_GET_DOUBLE(diff);
+			remaining_sec = (scale * naccounts - j) * elapsed_sec / j;
+			
+			fprintf(stderr, "%d of %d tuples (%d%%) done (elapsed %.2f s, remaining %.2f s).\n",
 					j, naccounts * scale,
-					j * 100 / (naccounts * scale));
+					j * 100 / (naccounts * scale), elapsed_sec, remaining_sec);
+		}
 	}
 	if (PQputline(con, "\\.\n"))
 	{
@@ -1901,6 +1922,7 @@ main(int argc, char **argv)
 	int			do_vacuum_accounts = 0; /* do vacuum accounts before testing? */
 	int			ttype = 0;		/* transaction type. 0: TPC-B, 1: SELECT only,
 								 * 2: skip update of branches and tellers */
+	float		log_step_pct = 0;	/* logging step in percent */
 	int			optindex;
 	char	   *filename = NULL;
 	bool		scale_given = false;
@@ -1920,6 +1942,7 @@ main(int argc, char **argv)
 		{"index-tablespace", required_argument, NULL, 3},
 		{"tablespace", required_argument, NULL, 2},
 		{"unlogged-tables", no_argument, &unlogged_tables, 1},
+		{"logging-step", required_argument, NULL, 6},
 		{NULL, 0, NULL, 0}
 	};
 
@@ -2125,6 +2148,14 @@ main(int argc, char **argv)
 			case 3:				/* index-tablespace */
 				index_tablespace = optarg;
 				break;
+			case 6:
+				if (optarg[strlen(optarg)-1] == '%') {
+					optarg[strlen(optarg)-1] = '\0';
+					log_step_pct = atof(optarg);
+				} else {
+					log_step = atol(optarg);
+				}
+				break;
 			default:
 				fprintf(stderr, _("Try \"%s --help\" for more information.\n"), progname);
 				exit(1);
@@ -2144,6 +2175,11 @@ main(int argc, char **argv)
 			dbName = "";
 	}
 
+	/* compute the log_step from total number of accounts and log_step_pct */
+	if (log_step_pct != 0) {
+		log_step = log_step_pct * naccounts * scale / 100;
+	}
+
 	if (is_init_mode)
 	{
 		init(is_no_vacuum);