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Aecon gains $57 million contract to build Phase 2 of University of Guelph's new Science Complex

Apr 18, 2005

Toronto, Ontario – April 18, 2005: Aecon Group Inc. (TSX: ARE) today announced that Aecon Buildings has been awarded a $57 million general contract to construct Phase 2 of the University of Guelph's new Science Complex.

The project involves construction of a four-storey, 230,000 square foot building with an elaborate structural steel "tree" supporting an extensive skylight over an atrium. The facility will give the centralized science groups new laboratory space and first-class research space.

Work on Phase 2 will begin this month with an expected completion date of spring 2007. Aecon completed Phase 1 of this project in 2004.

"Aecon Buildings has developed a well-earned reputation in the institutional market," said John M. Beck, Aecon Chairman and CEO. "We're proud that this has laid the foundation for solid working relationships and repeat business with a number of excellent higher education institutions like the University of Guelph."

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.