Bird Construction Income Fund announces award of $98.3 million design build Defence Canada project at CFB Shearwater


    TORONTO, April 27 /CNW/ - Bird Construction Income Fund ("Fund")
announced that Bird Construction Company has been awarded a $98.3 million
design build contract for the buildings to house, maintain, and support the
new maritime helicopters at CFB Shearwater, near Halifax, Nova Scotia. Project
design work will begin immediately followed by site works and building
construction in the summer of this year. The project is scheduled to be
completed in 23 months.

    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.

For further information:

For further information: P.A. Charette, Chairman and C.E.O., Bird
Construction Company Limited as Administrator of Bird Construction Income
Fund, 5405 Eglinton Avenue West, Suite 206, Toronto, Ontario, M9C 5K6, Phone:
(4l6) 620-7122, Fax: (416) 620-1516

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