Another contract!
June 18, 2009 13:30 UTC
Cavico Wins the Bidding for Package 4 of Da Ban Irrigation Dam Contract Valued at $2.5 Million
LOS ANGELES & HANOI, Vietnam--(BUSINESS WIRE)-- Cavico Corp. (“Cavico” or “the Company”) (OTCBB:CVIC), a leading infrastructure development company in Vietnam, today announced that Cavico Energy Construction JSC (“Cavico Energy”), a wholly own subsidiary of Cavico Corp, won the contract bid involving construction of an overfill spillway (Package 4) for Da Ban Irrigation Dam. The minister of the Vietnam Ministry of Agriculture and Rural Development signed the winning bid for Cavico Energy valued at approximately $2.5 million.
As part of the contract, Cavico Energy will be responsible for excavating and removing 160,000 cubic meters (m3) of common earth and rock for dam foundation and constructing 9,000 cubic meters (m3) of concrete walls and water slopes. Cavico Energy is required to complete the contract within 27 months.
Supported by the world organization Official Development Assistance (ODA) funds, the 162-square-kilometer Da Ban Irrigation Dam was constructed in the 1980s and is located in the Ninh Hoa district, north of Khanh Hoa province, Vietnam. The 26-meters high and 348-meters long dam has a reservoir volume of 79.2 million cubic meters and provides water to 9000 hectares of farming land in the south central region of Vietnam. It has recently been upgraded and modernized as a result of increasing demand for farming activities and the growing population in this region.
“With our valuable experience at the Buon Tua Shar, Ka Nak, and Ba Ha projects, we are confident that our team will successfully complete this project in a timely and efficient manner,” commented Mr. Ha Thanh Trung, president of Cavico Energy. “The winning of the contract reflects Cavico’s positive market reputation and the Ministry’s confidence in our capabilities in the fields of irrigation and hydropower construction.”
AI
