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Aecon JV awarded $100 million pipeline contract

Oct 1, 2012

Calgary, AB – October 1, 2012: Aecon Group Inc. (TSX:ARE) announced today that a 50/50 joint venture between Aecon and  Robert B. Somerville Co. Limited has been awarded a $100 million contract by Inter Pipeline Fund for facilities work related to the Cold Lake and Polaris pipelines in Alberta.

 Work will include the construction of pumping stations, metering facilities, junction sites and associated pipeline connections at multiple sites. 

 In July, the Aecon/Somerville joint venture was awarded a $600 million contract for the installation of 560 kilometres of underground pipeline to expand the Cold Lake and Polaris pipelines.

 “We look forward to continuing our work with Somerville and Inter Pipeline on this significant pipeline project,” says Teri McKibbon, Aecon’s Chief Operating Officer. “Aecon is committed to serving the resource sector and Canada’s energy suppliers with our comprehensive capabilities and are pleased to have been awarded this contract.”

Work is scheduled to begin this month, with completion expected in 2014. 

Aecon Group Inc. is a Canadian leader in construction and infrastructure development providing integrated turnkey services to private and public sect