Cavico Corp, a major infrastructure construction, infrastructure investment and natural resources conglomerate based in Vietnam, has announced that its subsidiary, Cavico Bridge and Tunnel, has signed a construction contract to excavate a transport tunnel for Ha Long Coal, a Vinacomin subsidiary, at its Bac Coc Sau coal mine project in Quang Ninh Province.
The cost-adjustable contract is valued at approximately US$2 million. Under its terms, Cavico will excavate a transport tunnel at 328 ft below sea level and a cross tunnel with a total length of 0.55 miles. Cavico will also excavate dirt and rock at different geographic ground elevation levels around the tunnel area. The company expects to complete the contract in 13 months.
“We are very pleased to be awarded this contract at the Bac Coc Sau coal mine, our first contract of 2011,” commented Mr. Hai Thanh Tran, vice president of Cavico. “Cavico has a longstanding, close working relationship with Vinacomin through our construction contract at the Nui Beo coal mine, also in Quang Ninh. Vinacomin’s desire to engage us for additional projects reflects our track record of delivering high-quality work in a timely manner and puts us in a strong position to secure additional revenues at this mine and other mines owned by Vinacomin.”