Toronto, Ontario – November 8, 2010: Aecon Group Inc. (“Aecon”) (TSX:ARE) announced today that a joint venture of Aecon and SNC-Lavalin Constructors (Pacific) Inc. has been awarded a contract by SNC-Lavalin for the civil works design and construction portion of the Waneta Expansion Project. This project, which is being undertaken through a limited partnership of Fortis Inc, Columbia Power Corporation (CPC) and Columbia Basin Trust (CBT), will provide clean power to British Columbia and add to the local economy throughout its duration.
The project involves design and construction of an intake structure, twin tunnels and a new powerhouse on the Pend d’Oreille River south of Trail, British Columbia. The new powerhouse will be located immediately downstream of the Waneta Dam and its existing powerhouse.
Work on the Waneta Expansion Project is already underway and is scheduled for completion in spring of 2015.
“This is a significant project for Aecon from both a financial and strategic perspective,” said Teri McKibbon, CEO of Aecon Infrastructure. “Our partnership with SNC-Lavalin on this project further establishes Aecon’s presence in Western Canada’s heavy civil construction market.”
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 Best Employers in Canada as published by Maclean’s Magazine.