Cavico Corp. (OTC BB: CVIC), a major infrastructure construction, infrastructure investment and natural resources conglomerate headquartered in Hanoi, Vietnam, is focused on large infrastructure projects, which include the construction of hydropower facilities, dams, bridges, tunnels, roads, mines and urban buildings. Cavico’s project partners include top multi-national corporations and government organizations. For further information, visit the Company’s web site at www.cavicocorp.com.
Cavico Corp. (CVIC.OB) is a major infrastructure construction and investment company also focusing on natural resources. The company is a leading hydropower construction company and the largest privately-owned heavy civil construction contractor located in Vietnam. The company is committed to offering social and economic improvements in all communities where it has operations.
Cavico plays a strong role in the infrastructure development of Vietnam’s manufacturing industry. The company specializes in hydroelectric plants, highways, bridges, tunnels, roads, dams, and urban community developments. Cavico also holds a reputation for being a responsible provider of infrastructure by being conscious of environmental issues and applications. The company makes investments not only in hydropower facilities, but also in cement production plants and urban developments in Vietnam.
Cavico operates throughout more than twenty countries and has approximately 3,000 employees. The company is headquartered in Hanoi, Vietnam, but also has additional offices throughout Vietnam as well as a satellite office in Australia. Cavico is one of the first Vietnamese companies to be publicly traded on the U.S. stock exchange. In 2007, Cavico’s backlog of awarded and unconsolidated joint venture projects totaled $340 million.
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Cavico Corp announced this morning that Cavico Infrastructure, its wholly owned subsidiary, has signed an agreement to construct a rolling weir (Package DR-XL04) for Dambri hydropower plant. This new $3.12 million contract is the fifth contract between Cavico and Dambri which brings the total work at Dambri Hydropower Plant to over $37 million.
Vietnam’s Dambri Hydropower plant is owned by Southern Hydropower Joint Stock Company. The agreement calls for Cavico to build a rolling weir measuring 55 meters in height, 214 meters in length, and 16.63 meters at the base with a 6.5 meter upper base.
The projected is expected to be completed in two and a half years and Dambri’s plant, as well as Electricity Vietnam and other power companies, are hoping that their combined efforts will raise this year’s Vietnamese power output by 15%, with domestic demand expected to rise between 17% and 18%.
“Cavico Corp. is proud to contribute its expertise to Vietnam’s sustained economic growth supported by a fundamental need for electricity,” noted Ha Quang Bui, CEO and Chairman of Cavico Corp.
Cavico is a major infrastructure construction, infrastructure investment and natural resources conglomerate. The company is highly respected for its core competency in the construction of mission-critical infrastructure including hydroelectric plants, highways, bridges, tunnels, ports and urban community developments.
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