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TORONTO, May 22, 2015 /CNW/ - Bird Construction Inc. announced today that it is part of the Chinook Resources Management Group consortium recently selected as the preferred proponent to design, build, finance and operate a composting facility for the City of Calgary. Bird Capital has a 50% interest in the concession responsible for the design, build, short term financing and operation of the facility. The construction will be performed by Nason Contracting Group (a wholly-owned subsidiary of Bird Construction lnc.) in a 50% joint venture with Maple Reinders Inc. The facility will process 100,000 wet tonnes per year of source separated organics and leaf and yard material as well as approximately 45,500 wet tonnes per year of biosolids. Elements of the project will achieve LEED gold certification. The consortium plans to reach financial close in late June of 2015. Construction activity will commence shortly thereafter with completion by mid 2017. At this time, there can be no assurances that the consortium will receive a contract award related to this project.
Mr. Ian Boyd, Bird's President and CEO, stated that "Bird is very excited to take a lead role at the concession level of the Chinook consortium. This project further demonstrates our commitment to the P3 market as both a design-builder and developer."
In addition, Bird is part of the Two Rivers Lodging Group recently selected by BC Hydro as the preferred proponent for the construction of the worker accommodation facility for the Site C dam site. A contract is expected to be awarded in late summer, with a limited notice to proceed in advance of the contract award.
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: Ian J. Boyd, President & C.E.O; or S.R. Entwistle, C.F.O, Bird Construction Inc., 5700 Explorer Drive, Suite 400, Mississauga, ON L4W 0C6, Phone: (905) 602-4122, Fax: (905) 602-1516