Cavico Subsidiary to Deploy 164 Engineers and Skilled Workers to Laos

Cavico Corp., a leading infrastructure development company in Vietnam, today announced that Cavico Bridge and Underground Construction JSC (“Cavico Bridge”), a majority owned subsidiary of Cavico, has signed a Memorandum of Understanding (MOU) with KoKen Boring Machine Co., Ltd (“KoKen”) on August 11, 2008 to supply workers to the Nam Bak hydropower plant in Lao People’s Democratic Republic (“Laos”).

According to the terms of the MOU, from February 2011 Cavico Bridge will supply a total of 164 workers, including four engineers, four foremen, eight grouting recorders, sixteen drilling operators, twenty grouting operators, and 112 general workers. The contract is expected to last for two years. KoKen and Cavico Bridge are working on further details, including the value of the contract and the scope of work.

“We are happy to announce our MOU with KoKen. This is Cavico Bridge’s second international contract. We have already sent a group of 250 workers including engineers and highly skilled workers to Algeria for the Eastwest Highway project. The main contractor, Consortium Japonais Pour l’Autoroute Algerienne (COJAAL), has communicated its appreciation for our continued dedication and high quality work,” commented Mr. Phuc Minh Pham, president of Cavico Bridge.

“We are highly impressed with Cavico’s reputation in the field of hydropower construction and we have great confidence in their ability to execute and manage projects. We are pleased to work with Cavico as our strategic partner on the Nam Bak hydropower plant and hope to work with them on future projects,” commented Mr. Satoshi Ikimori, CEO of KoKen.