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Aecon / Dufferin joint venture selected as Preferred Proponent for the Airport Rail Link Spur Project

Oct 25, 2011

Toronto, ON – October 25, 2011: Aecon Group Inc. (TSX:ARE) announced today that its Infrastructure Division, in a joint venture with Dufferin Construction Company, a division of Holcim (Canada) Inc., has been selected as the preferred proponent by Infrastructure Ontario and Metrolinx, to design, build, and finance a three-kilometre rail line for the Air Rail Link (ARL) and an ARL passenger station at Toronto Pearson International Airport.

 The project team, in which Aecon is a 50% partner, will design, build, and finance a three kilometer elevated guideway connecting the existing Georgetown GO Transit line to the Toronto Pearson International Airport.  The project includes construction of a new ARL station at the airport Terminal 1, multiple utility relocations as well as crossings over the environmentally sensitive Mimico Creek and three major roadways.

 Financial close on the project is expected by early 2012, and completion of the ARL Spur project is scheduled for the summer of 2014.

 “This air-rail link is an important part of Metrolinx’ plan for expanding public transit in the Greater Toronto area, and we are proud to be part of this landmark project,” said Teri McKibbon, Aecon’s Chief Operating Officer.  “Once again, Aecon’s ability to combine our Buildings, Civil and Utilities expertise into one project team is paying off for our clients.”

Aecon Group Inc. is one of Canada’s largest and most diverse construction and infrastructure development companies. 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.