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Aecon awarded $36 million design-build contract by GO Transit

May 4, 2006

Toronto, Ontario – May 4, 2006: Aecon Group Inc. (TSX: ARE) today announced that its Construction and Materials division has been awarded a $36.5 million contract by GO Transit to design and build a rail-to-rail grade separation in Markham, Ontario.

The project involves designing and constructing a 1.5 km concrete-walled open tunnel through which the GO transit rail line would run, as well as two bridges – one where the tunnel passes under the CNR tracks at what is called the ‘Hagerman Diamond' in Markham, and the other where the tunnel passes under 14th Avenue.

Aecon is the general contractor on the project and will self perform the excavation, drainage, tunnel construction, bridge construction and much of the utilities work on the project. The design work has been subcontracted to a team headed by Totten Sims Hubicki Associates. Construction will begin in late May and is scheduled to be completed in the fall of 2007.

“Aecon's unique ability to perform both the civil construction and utility installation elements of a project like this gives us a significant advantage in the market," said Teri McKibbon, President of Aecon's Civil and Utilities Group. “We are very pleased to be able to provide GO Transit with a total solution to this complex construction challenge.”

The award follows the recent announcements of a $37.5 million contract for the widening of Highway 407 ETR north of Toronto and a $40.8 million contract for widening and bridge rehabilitation work on Highway 401 near Woodstock, Ontario.

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.