Cavico Awarded a $4.9 million Contract at the Hua Na Hydropower Plant.

LOS ANGELES & HANOI, Vietnam -- Cavico Corp. ("Cavico" or "the Company") (OTC BB: CVIC), a leading infrastructure development company in Vietnam, today announced that on March 6, 2009 the Company was awarded a $4.9 million construction contract by Lilama, a state-owned company under the management of the Vietnamese Ministry of Construction.

Cavico will be responsible for the construction of a diversion tunnel and coffer dam at the Hua Na Hydropower plant. Upon completion, the Hua Na Hydropower plant will generate 180 MW of power and will supply 706 million KW hours annually. This twin turbine plant will require an investment of approximately $250 million and will help ease the electricity shortage issues currently faced and thereby contributing to the growth of Central Vietnam provinces. The Hua Na Hydropower plant is expected to provide electricity to Nghe An, Ha Tinh and surrounding provinces. It will be located on a 20.6 square km piece of land in Dong Van village, Nghe An province near Chu river. Cavico expects the project to be completed in five years.

"We are very pleased to announce our association with Lilama and are excited to begin working on this project," commented Mr. Phuc Minh Pham, President of Cavico Vietnam. "We believe that Cavico has once again proven its leadership in the Vietnamese tunnel construction sector with the successful win for this contract. We will continue to discuss with Lilama and expect to be awarded additional contracts at the Hua Na Hydropower plant."

About LILAMA

Vietnam Machinery Erection Corporation (LILAMA) is a state owned enterprise which was established in 1960. It is aimed at the restoration of national industry after the war. In the 1970's, LILAMA erected many plants such as the Thac Bac hydropower plant, Ninh Binh and Uong Bi thermal power plant, and factories in Thuong Dinh in the Viet Tri industrial zone. These were all important contributions to the Socialist Construction period in the North of Vietnam.

About Cavico Corp. (OTCBB: CVIC)

Cavico Corp. is focused on large infrastructure projects, which include the construction of hydropower facilities, dams, bridges, tunnels, roads, mines and urban buildings. Cavico is also making investments in hydropower facilities, cement production plants and urban developments in Vietnam. The company employs more than 3000 employees on projects worldwide, with offices throughout Vietnam and a satellite office in Australia.

Founded in 2000, Cavico is a major infrastructure construction, infrastructure investment and natural resources conglomerate headquartered in Hanoi, Vietnam. Cavico is highly respected for its core competency in the construction of mission-critical infrastructure including hydroelectric plants, highways, bridges, tunnels, ports and urban community developments. One of the Company's primary competitive advantages is its ability to nurture a project "from concept through completion" with a vertical portfolio of interrelated investment, permitting, design, construction management and facility maintenance services. Cavico's project partners include top multi-national corporations and government organizations. The Company employs more than 3,000 full-time, part-time, and seasonal workers. For more information, visit http://www.cavicocorp.com. Information on the Company's Web site or any other Web site does not constitute a portion of this release.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to obtain the necessary financing to continue and expand operations, to market its construction services in new markets and to offer construction services at competitive pricing, to attract and retain management, and to integrate and maintain technical information and management information systems; the effects of currency policies and fluctuations, general economic conditions and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. These statements include, without limitation, statements regarding our ability to prepare the Company for growth, the Company's planned expansions, and predictions and guidance relating to the Company's future financial performance. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.