LISTING: TORONTO STOCK EXCHANGE
VANCOUVER, May 6, 2016 /CNW/ - LNG Canada is beginning engineering and planning work on Cedar Valley Lodge, its Workforce Accommodation Centre to house a 4,500 person workforce required during construction of its proposed liquefaction and export facility in Kitimat, British Columbia.
LNG Canada selected the Bird-Civeo Joint Venture as the contractor for the design and construction of the Centre. The Bird-Civeo Joint Venture includes wholly-owned subsidiaries of each of Bird Construction Inc., ("Bird") (TSX:BDT), and Civeo Corporation ("Civeo") (NYSE: CVEO).
Construction on Cedar Valley Lodge will not commence unless LNG Canada's joint venture participants have made a positive Final Investment Decision. In the interim, Bird-Civeo will advance engineering and planning work for the Centre.
Cedar Valley Lodge will provide a place for workers to live and work during the time they are employed on the LNG Canada project. LNG Canada wants to ensure the Centre provides the amenities workers will need – from accommodation and dining, to leisure to healthcare – to reduce any stress on Kitimat's local housing, infrastructure and other services.
Cedar Valley Lodge will be located adjacent to the LNG Canada site, facilitating easy and safe transportation of workers by shuttle bus service between Cedar Valley Lodge and the site, and reducing vehicle traffic on Kitimat roads. The size and scale of the Lodge will be significant with a total floor space of over 1.2 million square feet. This includes a number of core buildings at over 260,000 square feet with a kitchen and dining area of almost 80,000 square feet, entertainment areas of almost 35,000 square feet, and a sports and recreational facility of over 56,000 square feet. Final actual numbers may vary as the conceptual design progresses through detailed engineering.
A well-designed, attractive and sustainable Workforce Accommodation Centre is an important tool in recruiting and retaining skilled workers, because for many, Cedar Valley Lodge could become home for a number of years. Cedar Valley Lodge will provide single, standard executive rooms, each with its own washroom, and upgraded finishes and fixtures.
Construction of Cedar Valley Lodge will commence immediately following a positive Final Investment Decision.
While this is an important step forward for LNG Canada, the project must continue to demonstrate that it is competitive, it has key regulatory permits, and has mitigated the risk of labour shortage prior to making a final investment decision. LNG Canada's Joint Venture Participants plan to make a final investment decision in late 2016. The exact timing of that decision will be up to the Joint Venture Participants to make.
This press release contains forward-looking statements that involve a number of risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Many factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
SOURCE Bird Construction Inc.
For further information: I.J. Boyd, President & C.E.O or; S.R. Entwistle, C.F.O, Bird Construction Inc., 5700 Explorer Drive, Suite 400, Mississauga, ON, L4W 0C6, Phone: (905) 602-4122, Fax: (905) 602-1516