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Aecon awarded $16 million contract for redevelopment of Peterborough Airport

Aug 24, 2010

Peterborough, ON – August 24, 2010: Aecon Group Inc. (TSX: ARE) announced today that its Construction and Materials Division has been awarded a $15.6 million design-build contract by the City of Peterborough for the redevelopment of the Peterborough Municipal Airport.

Under the contract, Aecon will extend and strengthen existing runways, taxiways and aprons, as well as upgrade the runway lighting. Expansion of groundside development lots, roadways and associated infrastructure will also be completed. This redevelopment will enable the Peterborough Airport to improve its ability for continued growth by expanding the airport’s capacity.

Construction begins this month on the project and is scheduled for completion in March 2011.

Aecon Construction and Materials Limited (ACML) is managing the design build contract and is performing the grading drainage and asphalt paving scope of work.  A number of Aecon Infrastructure business units will perform work on the project: AME is responsible for quality control and testing of the works, Miwel will perform some of the sanitary sewer and water main construction, and AGI Traffic Technology alongside Tristar will perform all of the electrical upgrades and specialized airport lighting work.

“This project will draw on the proven airport development strengths of a number of our business units and demonstrate the diversity of Aecon’s civil construction capabilities,” said Teri McKibbon, CEO of Aecon’s Infrastructure Group. “We look forward to being able to utilize our diverse expertise on such a pinnacle project for the City of Peterborough.”

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.