Cavico Corporation to Begin Tunnel Works Excavation for USD $24 Million Nam Chien Hydropower Company Project
Monday July 31, 9:00 am ET
LOS ANGELES, CA and HANOI, VIETNAM--(MARKET WIRE)--Jul 31, 2006 -- Cavico Corporation (Other OTC:CVCP.PK - News), a Vietnamese company working in the fields of infrastructure development, including the construction of hydropower facilities, dams, bridges, roads, mines and urban buildings throughout Vietnam and the Pacific Rim, has completed negotiations and signed a contract with Nam Chien Hydropower Company to begin construction on its tunnel works project. The value of this contract to Cavico is approximately 384 billion VND ($24 million USD equivalent).
Better late then never