It is part of a consortium that has executed a contract to design, build, finance, operate and maintain the residuals treatment facility project for the Capital Regional District
MISSISSAUGA, ON, Feb. 6, 2018 /CNW/ - Bird Construction Inc. announced today that it, as part of the Hartland Resource Management Group consortium, executed a contract on February 6, 2018, to design, build, finance, operate and maintain a residuals treatment facility (the "Facility") for the Capital Regional District ("CRD"). Bird has a 50% interest in the construction joint venture that will design and build the project. Bird has also taken a minority equity interest in the concession responsible for the design, construction, financing, operations and maintenance of the project through Bird Capital, a wholly owned subsidiary. On December 12, 2017, the Company had announced that it was part of the consortium named preferred proponent for the project. The consortium has since achieved financial close.
The Facility will be located at the Hartland Landfill in Saanich, British Columbia, and is part of the CRD's Wastewater Treatment Project. The Facility will process the residual waste material from the McLoughlin Point Wastewater Treatment Plant to meet environmental regulatory requirements. The Facility will have capacity to treat over fourteen thousand dry tonnes of residuals per year over the 20-year term of the contract.
Bird expects construction to commence in the spring of 2018. The Facility is expected to be operational in the winter of 2020.
This press release contains forward-looking statements that involve a number of risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Many factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
SOURCE Bird Construction Inc.
For further information: I.J. Boyd, President & CEO or W.R. Gingrich, CFO, Bird Construction Inc., 5700 Explorer Drive, Suite 400, Mississauga, ON L4W 0C6, Phone: (905) 602-4122 Fax: (905) 602-1516