EDMONTON, May 21 /CNW/ - The Churchill Corporation announces today that
Stuart Olson Constructors Inc. has been selected as the lead proponent to
construct the Central Utilities Plant ("CUP") Project as part of the current
Edmonton International Airport ("EIA") Expansion Program. This project is part
of a $1 billion dollar program planned for construction between 2009 and 2012.
Stuart Olson's scope of work for the CUP Project will entail providing
construction management services to ensure the adequate installation of
mechanical, electrical, storm, sanitary and water services to support the
increase capacity associated with the new terminal expansion building and the
new control tower.
Pre-construction services are scheduled to begin in Q2 2009 with full
turnover of the completed project to the EIA expected in Q3 2011.
"Relationships are important to us, particularly the opportunity to once
again work with the Edmonton International Airport Authority. Our Stuart Olson
team recently completed the EIA Parkade Expansion and we are pleased to have
the opportunity to continue partnering with the EIA on this project," said Jim
Houck, President and Chief Executive Officer, The Churchill Corporation. "The
Central Utilities Plant is one of the most critical initiatives of the
proposed Edmonton International Airport Expansion Program and this project
award is an example of our ability to execute on the strategy to grow our
social infrastructure backlog."
About The Churchill Corporation:
The Churchill Corporation provides building construction, industrial
construction and maintenance services throughout Western Canada. Churchill
common shares are listed on the Toronto Stock Exchange under the symbol "CUQ".
FORWARD LOOKING STATEMENTS
Certain statements in this Press Release may constitute "forward-looking
statements". Forward-looking statements include, without limitation,
statements regarding the future financial position, business strategy,
budgets, litigation, projected costs, capital expenditures, financial results,
taxes, plans and objectives of the Corporation. Many of these statements can
be identified by looking for words such as "believes," "expects," "may,"
"will," "intends," "anticipates," "estimates," "continues," or the negative
thereof, or other variations thereon. Although management of Churchill
believes its expectations regarding future performance of the Corporation are
based on reasonable assumptions and currently available competitive, financial
and economic data, market conditions and operating plans, it can give no
assurance its expectations will be achieved. The Corporation cautions that, by
their nature, forward-looking statements, involve risks, and uncertainties and
that its actual actions, and/or results could differ materially from those
expressed or implied in such forward-looking statements, and that the
aforementioned risks, uncertainties and actions could affect the extent to
which a particular projection materializes. The Corporation assumes no
obligation to update the forward-looking statements should circumstances or
the Corporation's management's estimates or opinions change.
For further information:
For further information: Andrew Apedoe, Vice President Investor
Relations & Secretary, The Churchill Corporation, (780) 454-3667, Email:
email@example.com, Website: www.churchillcorporation.com