Toronto, Ontario – April 22, 2005: Aecon Group Inc. (TSX: ARE) today announced that it has secured a $17.5 million contract from the Ontario Ministry of Transportation to complete a portion of a four-lane highway from Parry Sound to Sudbury in a 50/50 joint venture with Leo Alarie and Sons Ltd.
This contract is a new alignment of highway 69 for 2.4 kilometres immediately south of Sudbury requiring 750,000 cubic metres of rock excavation, 390,000 cubic metres of earth excavation, 150,000 tonnes of granular and 2,000 cubic metres of concrete for structures and culverts.
Work began in February with completion expected in September 2006.
"To be awarded such a challenging project demonstrates the growth of this joint venture's collective expertise in roadbuilding requiring heavy rock blasting and complicated logistics," said John M. Beck, Aecon Chairman and CEO.
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.