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Aecon JV awarded $600 million pipeline contract

Jul 31, 2012

Calgary, AB – July 31, 2012: Aecon Group Inc. (TSX:ARE) announced today that a joint venture in which its Aecon Utilities division is participating, has been awarded a $600 million contract by Inter Pipeline Fund to complete the expansion of the Cold Lake and Polaris pipelines in Alberta.

The 50/50 joint venture is comprised of Aecon and Robert B. Somerville Co. Limited (Somerville). Scope of work includes the installation of 560 kilometres of underground pipeline for the distribution of diluent between Edmonton and Fort McMurray, as well as engineering support and constructability reviews. 

“This large award showcases the high demand for pipeline construction services in Western Canada,” says Teri McKibbon, Aecon’s Chief Operating Officer.  “We look forward to working with Somerville on this significant project for Inter Pipeline.”   

Work is scheduled to begin in January 2013, with completion expected in 2016. 

Aecon Group Inc. is a Canadian leader in construction and infrastructure development providing integrated turnkey services to private and public sector clients.  Aecon is pleased to be consistently recognized as one of the Best Employers in Canada.