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TORONTO, June 17, 2015 /CNW/ - Bird Construction Inc. announced today that it is part of a consortium selected as the preferred proponent to design, build, finance and maintain 18 pre-kindergarten to Grade 8 schools on nine joint-use sites in the Province of Saskatchewan. Bird has the majority interest in and is the managing partner of the construction joint venture that will design and build the project. It will also take a minority equity interest in the concession responsible for the design, construction, financing and maintenance of the project through Bird Capital, a wholly owned subsidiary.
The schools are located in Regina, Saskatoon, Martensville and Warman, Saskatchewan. The project includes the construction on each site of one public and catholic school as well as centrally shared space that includes a multi-purpose room, community resource centre and a child care centre to form a single cohesive joint use educational facility.
The consortium plans to reach financial close in August 2015 and will enter into an Early Works Agreement with the province in advance of contract finalization. At this time there can be no assurances that the consortium will receive a contract award related to this project.
"As a company that was founded in 1920 in Moose Jaw, Saskatchewan, over 95 years ago, we are excited about the announcement of our selection for this significant project in the province that provided the foundation for our success," stated Mr. Ian Boyd, President and CEO of Bird. "Together with our partners in the consortium, particularly our construction partner, Wright Construction, a long standing builder in the province, we look forward to the opportunity to work closely with local industry, the Province of Saskatchewan and the various stakeholders to deliver these community focused schools."
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 S.R. Entwistle, CFO, Bird Construction Inc.. 5700 Explorer Drive, Suite 400, Mississauga, ON L4W 0C6, Phone: (905) 602-4122, Fax: (905) 602-1516