Cavico Corp. (CAVO.OB) Signs $16 Million Contract for Tunnel Construction at Vietnamese Hydropower Plant
Cavico Corporation is a leading infrastructure development and natural resources conglomerate based in Vietnam. The company works on projects which include the construction of roads, bridges, tunnels, dams, hydropower facilities, buildings, cement plants and mines in Vietnam. Cavico announced today that its wholly-owned subsidiary, Cavico Transport Construction JSC and its joint venture partners – General Construction and Infrastructure Development Company and Song Da Corporation – have signed a construction package with Dakdrinh Hydropower Company. Cavico Transport will construct a 7.5 kilometers long and 4.5 meters wide water tunnel and also tunnel sections, numbers 3, 4 and 5. Cavico's portion of…