Cavico Awarded $12.5M Construction Contract For Song Tranh 2 Hydropower Project

Los Angeles & Hanoi, Vietnam — Cavico Corporation announced recently it has been awarded a contract to build a headrace tunnel valued at US$12.5M for the Song Tranh 2 Hydropower project. The payments will be awarded periodically upon achieving designated stages of completion.

Cavico estimates the project, which calls for a headrace tunnel approximately 1,000 meters or a little more than 3,000 feet in length, with a width of 10 meters or nearly 33 feet, will take 20 months to complete. After signing the contract, Cavico Vietnam plans to assign the work to its wholly owned subsidiary Cavico Bridge and Tunnel.

The project, which has an investment value of US$260m, is located in Bac Tra My city, Quang Nam province, approximately 43 miles west of Da Nang city. The plant is owned by Electricity of Vietnam (EVN). When completed the plant will have 190 MW capacity.

President of Cavico Bridge and Tunnel, Pham Minh Phuc, said, "Cavico is pleased to be offered another contract within the Song Tranh 2 project. Our ability to complete our projects on a timely basis, while within budget, has secured our reputation as Vietnam's premier private construction and engineering firm, as is illustrated by repeat business from our clients."

SOURCE: Cavico Corporation