TORONTO, July 3 /CNW/ - Aecon Group Inc. (TSX: ARE) announced today that
a 50/50 joint venture consisting of Aecon Buildings and Caspian Projects Inc.
of Winnipeg, Manitoba has secured a contract to design and build Canada Post's
new Winnipeg mail processing plant.
Under the contract, Aecon and Caspian will design and build a new LEED
certified plant and administration complex totaling approximately 260,000 sq
The Project will consist of a 200,000 sq foot plant, 20,000 sq foot
mezzanine area and 40,000 sq foot administration facility, and will include
40 high dock loading bays. It represents the largest investment Canada Post
has made in a city's postal operation in the last 20 years, and is the first
step in the Corporation's plans to invest as much as $1.9 billion over the
next several years to modernize and revitalize its national postal network.
The new plant will be located at the Winnipeg International Airport and
will be built to LEED specifications (Leadership in Energy and Environmental
Design), reflecting the environmental sustainability of the design and
construction methods used. Construction is scheduled to begin in July, 2008,
with completion slated for December, 2009.
Aecon and Caspian have worked together on previous projects in Manitoba,
including the 2005 Canadian Design-Build Award winning 2PPCLI Garrison
Facility in CFB Shilo, and the 17 Wing Logistics Consolidation Buildings for
the Department of National Defence in Winnipeg.
"We are proud to be part of the team designing and building the first of
Canada Post's new modern line of mail processing plants," said Robert
McDonald, President of Aecon Buildings Group. "This project award is further
evidence of Aecon's ability to execute first class commercial and industrial
building construction across Canada."
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.
Caspian Construction is an award-winning contractor based in Winnipeg. It
has completed numerous projects across Canada and the US involving all types
of construction projects..
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, email@example.com, www.aecon.com