2008-09-22 23:41:01 -

- Cavico Corp. ("Cavico" or "the Company") (OTCBB: CVIC), a leading infrastructure development company in Vietnam, today announced that Cavico Construction and Infrastructure Investment JSC ("Cavico Infrastructure") and Cavico Mining and Construction JSC ("Cavico Mining") have entered into a contract with the project management unit of the Song Bung 4 hydropower plant for the construction of access roads.

The

$1.15 million contract is expected to be completed in 18 months. Cavico Bridge and Cavico Mining will begin construction during the first quarter of 2009 and will be responsible for construction of access roads that lead from the main road to the plant's water gate.

Electricity of Vietnam ("EVN") has invested in the Song Bung 4 hydropower plant, which is located in Nam Giang village, Quang Nam province. The $267.3 million, Song Bung 4 hydropower plant will have a 156 MW capacity upon completion. The Asian Development Bank ("ADB") plans to provide a $196 million financing for this project and the remaining funding will be provided by Vietnam Development Bank ("VDB") and EVN.

Commenting on the importance of the hydropower project ADB Energy Specialist Pradeep Perera said, "Affordable and reliable electricity is essential to Vietnam's continued economic growth and poverty reduction efforts. This project will improve the stability and reliability of the country's power network, and will further reduce its dependency on fossil fuels."

Viet Nam faces power shortages and has a strong demand for power generation. Demand for electricity has grown at an average rate of 15% per annum and is expected to grow at a similar rate through 2015.

"We are pleased to announce our association with the Song Bung 4 hydropower plant. This project has secured funding and thus we expect to receive timely payments," commented Mr. Tuyen Anh Hoang, President of Cavico Infrastructure. "Our team is looking forward to working on the Song Bung 4 hydropower project and is eager to begin the construction. We are committed to completing the project on time and expect to deliver high quality work," added Mr. Hoang.

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 people. For more information, visit 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.

Company Contact:
Cavico, Corp.
Timothy Pham, 714-843-5456
Vice President and Director
cavicohq@cavico.us
OR
CCG Investor Relations Inc.
Roger Ellis, Senior Vice President, 310-477-9800
Roger.ellis@ccgir.com
www.ccgir.com