Aecon awarded two Union Gas contracts totalling $26 million

TORONTO, May 12 /CNW/ - Aecon Group Inc (TSX:ARE) announced today that its Industrial Division has been awarded two construction contracts from Union Gas totalling $26 million.  Under the contracts, Aecon is providing comprehensive construction services, including project management, at two natural gas compressor stations wholly owned by Union Gas Limited.

At the Lobo site, located near London, Ontario, Aecon is reworking and expanding existing yard piping, as well as electrical and instrumentation yard modifications and additions. Substantial completion of the Lobo project is expected in October 2011.

At the Dawn J site, located near Chatham, Ontario, Aecon's scope consists of a new compressor and driver package installation, electrical, instrumentation and controls work. Fabrication of large bore pipe spools for both sites will be performed at Aecon Industrial's Cambridge facility.  Completion of the Dawn J project is expected in August 2011.

"Our relationship with Union Gas is a good example of Aecon's ability to provide clients with one solution for their varied construction needs," said Ian Turnbull, President of Aecon Industrial, Central Canada Division. "In addition to the compressor, piping and fabrication work announced today, Aecon's various divisions also provide natural gas service installations for Union Gas throughout Ontario, and have built several local offices for them as well.  This ability, along with our shared commitment to providing a safe work environment, has made Union Gas one of our longest standing clients." 

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 on a selected basis internationally. Aecon is pleased to be recognized as one of the Best Employers in Canada as published by Maclean's Magazine.

The information in this press release includes certain forward-looking statements. These "forward-looking" statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties.  In addition to general global events outside Aecon's control, there are factors which could cause actual results, performance or achievements to vary from those expressed or inferred herein including risks associated with an investment in the common shares of Aecon and the risks related to Aecon's business, including Large Project Risk and Contractual Factors. Risk factors are discussed in greater detail in the section on "Risk Factors" in the Annual Information Form filed on March 30, 2011 and available at  Forward-looking statements include information concerning possible or assumed future results of operations or financial position of Aecon, as well as statements preceded by, followed by, or that include the words "believes," "expects," "anticipates," "estimates," "projects," "intends," "should" or similar expressions.  Important factors, in addition to those discussed in this document, could affect the future results of Aecon and could cause those results to differ materially from those expressed in any forward-looking statements.

SOURCE Aecon Group Inc.

For further information:

Mitch Patten
Senior Vice President
Corporate Affairs


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