The contract was signed this week for Ho Chi Minh City's Phu My Bridge to be built under a build, operate and transfer contract. The project will be run by a joint venture which includes Hanoi Construction Corporation and the Construction Investment & Development Company. A foreign contractor will be appointed and construction is scheduled to start in September for completion in 2008. The focus of the 2km bridge will be a 705m cable-stayed section. Total investment will be approximately US$114 million, over half of which will come from a loan by French bank Société Générale.