~New awards bring total project value announced since September to more than $600 million~
Toronto, ON – November 3, 2011: Aecon Group Inc. (TSX:ARE) announced today that it has been awarded four new contracts totaling $75 million for work with three different clients, Suncor Energy, the Calgary International Airport, and the Federal Bridge Corporation. These awards bring the total value of new projects announced by Aecon since September to over $600 million.
The first contract, awarded to Aecon subsidiary Canonbie Contracting, is a cost reimbursable contract with Suncor Energy to construct a metering station at its Firebag in situ facility north of Fort McMurray, Alberta. Work on the new station, needed to transfer hot bitumen from Suncor’s Firebag facility to the company’s upgrading complex, will begin immediately, and is scheduled for completion in the summer of 2012.
Two contracts were also awarded to Tristar, a subsidiary within Aecon’s Utilities Division, in a joint venture with Black & McDonald, for work at the Calgary International Airport. Work under the fixed price contract includes the installation of electrical upgrades throughout the airfield, including runway lighting, apron lighting, and the aircraft detection system, as well as the airport’s lighting control and monitoring system. Tristar’s work at the airport is now underway and is scheduled to be completed in the spring of 2013.
In addition, Aecon’s ACML Division was awarded a contract with Federal Bridge Corporation Limited to build two new bridges between Cornwall and Cornwall Island, as well as a pedestrian bridge over the Cornwall Canal. Work on the project includes grading, granular base, hot-mix paving, electrical, drainage work as well as sanitary, and watermain reconstruction. Construction on the fixed price contract begins immediately and is scheduled for completion by October 2013.
“We are pleased to build on our longstanding relationship with Suncor through the construction of their new metering station,” said Teri McKibbon, Aecon’s Chief Operating Officer. “The Calgary Airport contracts will showcase Tristar as a leader in the installation of airport electrical systems. Also, as one of Ontario’s leading road and bridge builders for over fifty years, the Cornwall bridge project fits well with our core capabilities. We look forward to working with all our clients on these important projects.”
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 Canadaand on a selected basis internationally. Aecon is pleased to be recognized as one of the Best Employers in Canada.