TORONTO, March 10 /CNW/ - Aecon Group Inc. (TSX: ARE) today announced
that its Infrastructure Division has been awarded a three-year alliance
contract renewal from Union Gas totaling approximately $150 million.
Under the terms of the contract, Aecon will install mains, service lines
and distribution system pipelines, perform engineering pipeline project work,
assist with integrity and maintenance of Union Gas' distribution pipeline
infrastructure, and install standard distribution stations. The scope of the
contract has increased and will now include the construction of some larger
diameter pipeline projects.
The majority of the work will be done in Southwestern Ontario with a
focus on the Windsor, Chatham, London, Sarnia, Waterloo and Brantford areas,
with projects in Northeastern Ontario as well.
Aecon has additional contracts with Union Gas through several of its
divisions. Aecon's Industrial Division works with Union Gas to build, expand
and upgrade major compressor stations. As well, Aecon Buildings is currently
completing a LEED Gold certified office building for Union Gas and will be
constructing two additional LEED Gold certified buildings for the company in
2008/2009. In addition, Aecon Buildings will complete Tennant Improvement
renovations to various sites across the Union Gas Portfolio.
"Union Gas is a long-time client and this relationship is a true
strategic alliance between our companies with Union Gas at the forefront of
alliance contract management in North America," said Teri McKibbon, CEO, Aecon
Infrastructure. "Aecon's ability to offer a large scope of services allows us
to deliver lasting and significant improvements to the execution of our work
in helping Union Gas meet their construction needs."
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 generally described in
Section 3.2 "Risk Factors" of Aecon's Annual Information Form available 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