TORONTO, May 19 /CNW/ - Aecon Group Inc. (TSX: ARE) announced today that its Construction and Materials division has been awarded a $19 million contract to widen nine kilometres of the median of Highway 407 in Markham, Ontario from Highway 404 to Markham Road.
The widening project will add two new lanes to the 407 in each direction, one of which will be opened for traffic usage, while the other will be used as a shoulder lane. Aecon will also perform various works including grading, drainage, asphalt paving, electrical and overhead sign support structures.
Construction begins immediately and is scheduled for completion in early September 2010.
"We are very pleased to be continuing work on Highway 407 ETR, as we have played a major role in the construction and expansion of this highway since 1994," said Teri McKibbon, CEO of Aecon's Infrastructure Group. "Our client has demonstrated its confidence in Aecon based on the broad scope of work the project entails."
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 50 Best Employers in Canada as published by Report on Business Magazine.
The information in this presentation 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. Risk factors are discussed in greater detail in the section on "Risk Factors" in the Annual Information Form filed on March 31, 2010 and available at www.sedar.com. 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: For further information: Mitch Patten, Senior Vice President, Corporate Affairs, Aecon Group Inc., (416) 297-2615, firstname.lastname@example.org, www.aecon.com