- Contract is the second largest ever awarded by MTO -
TORONTO, Aug. 14 /CNW/ - Aecon Group Inc. (TSX: ARE) announced today that
it has been awarded an $88.7 million contract by the Ontario Ministry of
Transportation (MTO) for work on the Queen Elizabeth Way (QEW) in Oakville
between Burloak Drive and Third Line. It is the second largest contract MTO
has ever awarded, and the largest MTO contract Aecon has received.
The project involves the construction of a fourth lane in both the
eastbound and westbound directions between Burloak Drive and Third Line to
serve as High Occupancy Vehicle lanes (HOV). As part of the project, Aecon
will also be rehabilitating the existing QEW bridge at Bronte Road and
building a new bridge under the QEW as part of a widening and realignment of
To allow for minimal traffic disruption during construction, traffic on
the QEW will be diverted to a new bridge being completed under a separate MTO
contract. Once the project is completed, this bridge will accommodate only
eastbound traffic, while westbound traffic will use the newly refurbished
bridge completed as part of the Aecon project.
In addition to the substantial bridge structure work, the contract
involves grading, drainage, hot mix paving, and traffic signal illumination.
The contract includes the installation of 12,000 cubic metres of concrete,
250,000 tonnes of granular, 100,000 tonnes of asphalt, as well as the
excavation of 267,000 cubic meters of earth and 238,000 cubic meters of rock.
Work on the project has already begun and is scheduled to be completed in
"MTO has been a valued customer of Aecon's for over 75 years, and we are
very pleased to be working on this project which is the largest contract we
have done for the MTO," said Teri McKibbon, President, Aecon Civil &
Utilities. "We look forward to continuing our longstanding relationship with
MTO as we complete this important and complicated contract."
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
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 generally described in
Section 3.2 "Risk Factors" of Aecon's Annual Information Form available 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, firstname.lastname@example.org, www.aecon.com