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Aecon awarded $16 million MTO contract for Hwy 11 upgrade in Northeastern Ontario

Dec 2, 2010

Toronto, ON – December 2, 2010: Aecon Group Inc. (TSX:ARE) announced today that its Infrastructure division has been awarded a $16.2 million contract by the Ontario Ministry of Transportation (MTO) to upgrade Highway 11, north of New Liskeard, Ontario. 

Under the contract, Aecon will upgrade the 27.6 km section of Highway 11 from the south junction of Highway 569 north to the Englehart River Bridge.  Work on the project includes grading, storm drainage, electrical and paving.  Construction has started with completion expected by October 2011.   

“Aecon and Alarie have worked on seven contracts for Highway 11 in the last five years with a combined contract value of $144 million,” said Teri McKibbon, CEO of Aecon’s Infrastructure group. “We are very pleased to continue our work for the MTO on this important corridor.”

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.