Toronto, Ontario – April 12, 2006: Aecon Group Inc. (TSX: ARE) today announced that its Construction and Materials division has been awarded a $37.5 million contract to widen Highway 407 ETR north of Toronto between Highway 427 and Highway 404.
The project, which will add two inside lanes along the 24.5 km stretch from Highway 427 in the west to Highway 404 in the east, will expand the central section of the highway and improve traffic flow during peak hours.
Aecon, one of the original partners in the development, design, construction and operation of 407 ETR, will reconstruct the highway median and perform the grading, drainage, hot mix paving and illumination work on the project.
Work on the project, which includes a very aggressive schedule and a commitment to minimize traffic disruption as much as possible during construction, is scheduled to be completed in September 2006.
"Aecon has a long history of involvement with 407 ETR, and its ownership group remains a valued client to this day," said Teri McKibbon, President of Aecon's Civil and Utilities Group. “We are proud of the confidence this award demonstrates in Aecon.”
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.