Cavico is Awarded Dam Construction Contract at Dambri Hydropower Plant.

Contract Brings Total Work at Dambri Hydropower Plant to over US $37M

HANOI, Vietnam -- Cavico Corp. (Cavico) (OTCBB:CVIC) today announced that Cavico Infrastructure, its wholly owned subsidiary, has signed an agreement to construct a rolling weir (Package DR-XL04) for Dambri hydropower plant.

The value of the contract is estimated at $3.12 million and is to be completed in thirty months. This brings Cavico's total awards at the Dambri hydropower plant to over $37 million. This contract represents the fifth contract Cavico has been awarded at Dambri plant. The rolling weir will measure 55 meters in height, 214 meters in length, 16.63 meters at the base with a 6.5 meter upper base.

Vietnam's Dambri Hydropower plant is located 87 miles northeast of Ho Chi Minh City in Da Huoai village, near Da Teh city in Lam Dong Province. Owned by Southern Hydropower Joint Stock Company, the $80 million plant will have a 75MW capacity.

Electricity Vietnam and other power companies are investing in 45 new power plants with a combined capacity of 14,580 megawatts. These plants are anticipated to raise this year's power output by 15% with the domestic demand expected to rise between 17% and 18%, recently reported Toan Viet Limited Company.

"Cavico Corp. is proud to contribute its expertise to Vietnam's sustained economic growth supported by a fundamental need for electricity," noted Ha Quang Bui, CEO and Chairman of Cavico Corp.

About Cavico Corp. (OTCBB:CVIC - News)

Cavico 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. Headquartered in Hanoi, with 3,000 employees at projects worldwide, the company has 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 people. For more information, visit http://www.cavicocorp.com.

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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 products in new markets and to offer products at competitive pricing, to attract and retain management, and to integrate and maintain technical information and management information systems; compliance with laws and regulations of the PRC, 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. 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.