TORONTO, Aug. 26 /CNW/ - Aecon Group Inc. (TSX: ARE) announced today that
its Buildings Division has been awarded a contract totaling approximately
$31.5 million for the re-development of the Perth and Smiths Falls District
Hospital in Smiths Falls, Ontario.
Under the contract, Aecon will build a new 58,000 square foot multi-level
wing addition to the hospital. Also included in the project is the renovation
of 70,000 square feet of the existing hospital structure, and the
reconfiguration of the exterior parking area. The project will be completed in
three phases, with work beginning in September 2008, and a scheduled
completion date of December 2010.
Aecon now has four hospital contracts underway, including work on the IWK
Health Centre in Halifax, the Rouge Valley Health System in Ajax, and the
Toronto Rehabilitation Institute in Toronto as well as this new contract.
"This project is the most recent in a series of awards recognizing
Aecon's experience and expertise in the social infrastructure segment,and the
strategic priority we are placing on this sector," said Robert McDonald,
President, Aecon Buildings. "We are very pleased to be working with the Perth
and Smiths Falls District Hospital on the reconstruction of this important
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