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Aecon selected as Construction Manager for $19 million Expansion and Renovations to Halifax's IWK Health Centre

Mar 3, 2005

Toronto, Ontario – March 3, 2005: Aecon Group Inc. (TSX: ARE) today announced that its Atlantic Buildings division has received a construction management contract for approximately $19 million in additions and renovations to Halifax's IWK Health Centre, a family-centered care facility and the largest children's hospital east of Montreal.

The contract includes 48,000 square feet of new construction, 36,000 square feet of redevelopment for existing pediatric space and 22,000 square feet of infill for the shelled Research and Clinical Care building.

"This is an exciting opportunity for Aecon. This important project highlights our ongoing commitment to serving the Atlantic region, an area we believe is poised for growth," said John M. Beck, Chairman and CEO of Aecon Group Inc.

Work at IWK is already underway and is expected to be completed by July 2007.

Aecon Group Inc. is Canada's largest publicly traded construction and infrastructure development company. Aecon and its subsidiaries provide services to private and public sector clients throughout Canada and internationally.