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Aecon awarded two contracts in Alberta totalling $75 million

Aug 19, 2010

Calgary, Alberta – August 19, 2010: Aecon Group Inc. (TSX: ARE) announced today that its Infrastructure Division has been awarded two contracts totalling $75.4 million; a contract by Parks Canada for $46.7 million for the twinning of the Trans Canada Highway in Banff National Park, and a contract from the City of Calgary for the extension of 96 Avenue Northeast in Calgary.

Under the terms of the first contract awarded by Parks Canada, Aecon will twin the Trans Canada highway in Banff National Park for a 6.2 kilometre stretch from just west of Lake Louise to the British Columbia/Alberta border.  The project includes the construction of three bridges, two over the Canadian Pacific Railroad, as well as one to serve as a wildlife crossing over Bath Creek.  The project also involves installation of wildlife fencing along the project’s length. 

Under the second contract, Aecon will construct a six-lane extension to connect the existing 96 Avenue NE with the Deerfoot-Trail Airport Interchange, for the City of Calgary.  The contract includes upgrading the interchange, for Alberta Transportation. In addition, Aecon will construct four new bridges for eastbound and westbound traffic over Nose Creek and the Canadian Pacific Rail tracks. The project also involves the construction of a new embankment, storm-water facilities, sanitary sewers, water main installation and sign structures.  As well, Aecon will construct an extension of The City of Calgary’s Regional Pathway.

Work on both projects has commenced, with completion scheduled for the summer of 2012. 

“These high-profile projects are a great fit for Aecon, and demonstrate our extensive experience in constructing highways while maintaining the ecological integrity of the areas,” said Teri McKibbon, CEO of Aecon’s Infrastructure Group. “Aecon’s strength and experience, alongside our reputation for working on such projects, make Aecon a great partner for both the City of Calgary and Parks Canada.” 

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 on a selected basis internationally. Aecon is pleased to be recognized as one of the 50 Best Employers in Canada as published by Report on Business Magazine.