Bird Construction Income Fund Announces Execution of Design and Construction Contract with BBPP Alberta Schools Limited

    TORONTO, Sept. 12 /CNW/ - Bird Construction Income Fund announces that an
operating subsidiary of the Fund has executed a design and construction
contract with BBPP Alberta Schools Limited to construct eighteen schools in
the Province of Alberta. On July 23, 2008 the Fund announced that Bird is a
member of the contracting joint venture to the BBPP Alberta Schools Limited
consortium that was selected as the preferred proponent to design, build,
finance and maintain the schools. Since that time, the consortium has reached
financial close. Construction will commence immediately and completion is
expected in 2010.
    The Fund's role, in conjunction with our joint venture partner, Graham
Design Builders, relates to the design and construction of the schools. The
design and construction operations will be conducted as an unincorporated
joint venture under the name Bird-Graham 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.  For further information contact:

For further information:

For further information: P.A. Charette, Chair, Bird Construction Company
Limited, as Administrator of Bird Construction Income Fund, 5403 Eglinton
Avenue West, Toronto, ON, M9C 5K6, Phone: (4l6) 620-7122, Fax: (416) 620-1516

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Bird Construction Income Fund

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