- - Environmentally sensitive construction to be predominantly
marine-based - -
TORONTO, Sept. 24 /CNW/ - Aecon Group Inc. (TSX: ARE) announced today
that it has been awarded a $19.1 million contract by the Ontario Ministry of
Transportation (MTO) to reconstruct a 5 km stretch of Highway 11 near
Under the contract, Aecon will remove the existing southbound bridge
structure on Highway 11 at Lake Vernon near Huntsville, and will build a new
southbound bridge in its place.
The project involves a unique construction challenge in an
environmentally sensitive lake, and will be completed using predominantly
marine capabilities. Marine barges will be used to remove the existing eight
piers in Lake Vernon, and to build four piers for the new 235 meter long, five
span bridge structure.
Work commenced on the project in August of 2008 and is scheduled to be
completed in September of 2010.
"The environmental aspects of this project are unique, and as the work is
located in a sensitive area, the use of Aecon's marine capabilities will
ensure that the project is completed with the utmost respect for the
surrounding environment," said Teri McKibbon, CEO of Aecon's Infrastructure
group. "MTO is a valued Aecon customer and we are very pleased to have this
newest opportunity to continue building on our relationship, which spans more
than 75 years."
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.
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