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LOS ANGELES, CA and HANOI, VIETNAM -- (MARKET WIRE) -- 08/07/06 -- After nearly 16 months of work on the Headrace tunnel of the Dai Ninh Hydropower project, Cavico Corporation (PINKSHEETS: CVCP) announced that the tunnel has broken through. The Headrace tunnel is 11000 meters in length, of which 4000 meters were excavated using drill and blast method of New Austrian Tunneling Method (NATM) and 7000 meters were constructed using Tunnel Boring Machine (TBM). Pictures of the project are available on the company's website at: http://www.cavicocorp.com/tunnel_dn.html.
The Dai Ninh Hydropower Project is being constructed through a Bank Loan from the Japan Bank of International Cooperation (hereinafter referred to as "JBIC") and by Japan's joint venture main contractors, KAJIMA-KUMAGAI. CAVICO is working as a subcontractor on the project and is responsible for the Headrace tunnel and the Surge Tank construction. CAVICO has provided approximately 300 Engineers and technicians to the KAJIMA-KUMAGAI Joint Venture to operate and oversee the TBM.
"The Da Ninh Hydropower Project is the first project in Vietnam to utilize the Tunnel Boring Machine," commented Mr. Son D Pham, Chief of Cavico's Planning and Marketing Department. "This is the newest, state-of-the-art technology for constructing tunnels, and we are proud to be applying it successfully in Vietnam."
For more information about Cavico, please refer to the company's website at: http://www.cavicocorp.com.Posts: 108 | From: New Orleans LA | Registered: Jul 2006
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