All the funding for Danube Bridge 2 is now in place, following Friday's signing of a memorandum between Bulgaria and the European Commission. Transport minister Nikolay Vassilev said that the design and build contract is set to be signed in November, with construction starting by the end of the year. The memorandum provides for US$295 million, of which US$91 million is a grant from the EC. The bridge will link Vidin in Bulgaria and Kalafat in Romania. Prequalification took place last year.