OTTAWA, June 27 /CNW/ - Aecon Group Inc. (TSX: ARE) announced today that
The Karson Group has been awarded a $56 million contract for work on Highway
417 in Ottawa, from the Ontario Ministry of Transportation (MTO). The Karson
Group, acquired by Aecon earlier this year, is one of the largest aggregate,
asphalt and civil construction companies in Eastern Ontario.
The project involves the construction of two new lanes in each direction
along a 6.5 km stretch of Highway 417 just west of Highway 416, as well as the
removal of the eastbound Highway 417 bridge at the Ottawa Central Railway
(OCR) and construction of a new bridge in its place. The project also involves
the resurfacing of 3.2 km of Highway 416, as well as the improvement of
highway safety features and rehabilitation of the existing Highway 417 bridges
at Moodie Drive and the OCR.
In an effort to keep traffic disruptions at a minimum, removal of the old
bridge and construction of the new bridge will be completed in stages. Once
construction is complete, one lane in each direction will be designated as
High Occupancy Vehicle lanes (HOV).
"This is a significant project for the MTO and we are extremely pleased
to have been awarded the contract," said William Karson, Founder and President
of The Karson Group. "As this project demonstrates, the combined resources of
Karson and Aecon significantly increases the services we can offer our clients
in the Ottawa area."
The scope of work involves the installation of high mast light poles,
10,000 cubic metres of concrete, 170,000 tonnes of asphalt, 500,000 tonnes of
granular, as well as the excavation of 240,000 cubic metres of earth.
Construction on the project is scheduled for completion in July of 2009.
"The Highway 417 contract illustrates our strengthened scope of service
in the Eastern Ontario region," said Teri McKibbon, President, Aecon Civil &
Utilities. "We look forward to working closely with the Karson team and
congratulate them on what is surely the first of many such projects."
The Karson Group, a wholly-owned subsidiary of Aecon Group, is an
integrated construction and materials company comprised of Karson
Construction, Karson Asphalt Paving Inc. and Spratt Aggregates (Karson
Aggregates). It is one of the largest companies of its kind in the
Ottawa/Eastern Ontario market.
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