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Date : 09/22/2009 @ 8:00AM Cavico Awarded Tunnel Construction Contract at Thuong Kon Tum Hydropower Plant Cavico Corp. (NASDAQ: CAVO), a leading infrastructure development company based in Vietnam, today announced that Vinh Son – Song Hinh Hydropower Joint Stock Company has awarded us a contract to construct a service access tunnel and road leading to Thuong Kon Tum hydropower plant. The project’s Phrase I and II contracts have an estimated revenue value of $7 million and $5 million, respectively. For Phrase I, we will excavate a 1.8 kilometer long, 6.5 diameters wide, and 7.5 diameters high service access tunnel and construct and improve the road around the plant. In Phrase II, we will be responsible for pouring concrete for the tunnel. The Thuong Kon Tum hydropower plant is a 240 Megawatt hydropower plant with a capital investment of $300 million and is located on the DakNghe River, in the Kon Tum province in central Vietnam. The plant, expected to be completed in five years, will supply 1070 million kilowatt-hours per year to this region. “We are very pleased to be awarded construction work at Thuong Kon Tum hydropower plant. This plant has a design of a 16 kilometer long tunnel and will make this the longest tunnel ever constructed in Vietnam. The project will have many complex construction packages that require highly sophisticated and specialized engineering technologies,” comments Mr. Hai Thanh Tran. “As an experienced contractor in the field of underground construction, Cavico is confident in its ability to execute its scope of work.” Fraktal |
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| aus der Diskussion: | Cavico (CVIC) - der erste vietnamesische Wert, der an die Nasdaq geht! |
| Autor (Datum des Eintrages): | Frakt@l (22.09.09 18:05:49) |
| Beitrag: | 19 von 20 (ID:38032643) |
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