- Aecon's largest civil project in Alberta since opening office in 2006 -
EDMONTON, June 25 /CNW/ - Aecon Group Inc. (TSX: ARE) announced today
that it has been awarded a contract by Alberta Transportation to twin a
13-kilometre section of Highway 21 near Edmonton. The $81-million contract is
the largest civil construction project Aecon has received since opening its
civil construction office in 2006.
Under the contract, Aecon will twin the 13-kilometre section of
Highway 21 near Edmonton, from south of Highway 628 to north of Highway 16.
The scope of the project includes grading, granular base, asphalt paving and
highway lighting as well as traffic signals and storm water management.
Aecon's other civil infrastructure projects in Alberta since opening its
office two years ago include: construction of 5 bridges for Calgary's new ring
road, an open cut tunnel for Edmonton's LRT, construction of 10 storage tank
foundations for Shell Canada and other civil works, as well as two projects
for BA Energy and Kinder Morgan Canada, undertaken in conjunction with Aecon's
"This latest award is important for our civil business in Alberta because
it clearly establishes Aecon as a player in the Northern Alberta
transportation infrastructure market," said Teri Mckibbon, CEO, Aecon
Infrastructure. "These projects, combined with our recently announced work for
the oil and gas sector, also demonstrate our ability to serve a broad range of
clients in a number of Alberta's most important infrastructure construction
Aecon Group Inc. is Canada's largest publicly traded construction and
infrastructure development company. Aecon and its subsidiaries provide
services to private and public sector clients throughout Canada and
internationally. Aecon is pleased to be recognized as one of the 50 Best
Employers in Canada as published by Report on Business Magazine.
The information in this news release includes certain forward-looking
statements. These statements are based upon assumptions that are subject to
significant risks and uncertainties which are discussed in greater detail in
the section entitled "Risk Factors and Uncertainties" in Management's
Discussion and Analysis of operating results and Financial Condition for the
year ended December 31, 2007 filed on SEDAR at www.sedar.com. Although Aecon
believes that the expectations reflected in forward-looking statements are
reasonable, it can give no assurance that the expectations of any
forward-looking statements will prove to be correct.
For further information:
For further information: Mitch Patten, Vice President, Corporate
Affairs, Aecon Group Inc., (416) 297-2615, firstname.lastname@example.org, www.aecon.com