Cavico Corporation has completed negotiations and signed a contract with Nam Chien hydropower company to begin construction on an approx. 10 km-long 5.2 m-diameter tunnel for the Nam Chien hydropower project. The value of this contract to Cavico is approximately VND384 billion. The Nam Chien hydropower project is located on the property of the Son La hydropower project, the largest hydropower project in Vietnam, located 60 km from Son La City and 350 km north of Hanoi. This project is owned by Cavico Vietnam, Song Da Corporation, Petrol Vietnam and other partners following a BOO (Build-Owner-Operate) contract, with a total investment of about VND4,000 billion.The project is scheduled to be completed within three years. At completion, the project will generate 200 MW of power. Visit www.cavicocorp.com 51-52/06.