Toronto, Ontario – September 9, 2014: Aecon Group Inc. (TSX: ARE) announced today that it has been awarded a $156 million contract by the Ontario Ministry of Transportation (MTO) to widen Highway 410 in Peel Region. To be booked in the third quarter as backlog, Aecon previously announced this Infrastructure contract in its second quarter results release.
The work includes grading, drainage, paving, electrical work, widening and repairing bridge structures, construction of new ramps, as well as updating the advanced traffic management system along Highway 410 from south of Highway 401 to Queen Street in Brampton.
“Highway 410 is a major traffic artery for motorists in the Greater Toronto Area,” said Teri McKibbon, Aecon’s President and Chief Executive Officer. “Aecon has a long history of developing highway projects across Ontario and we are pleased to be selected by the MTO to complete road work and additional upgrades along this key transportation corridor.”
The project will begin in the third quarter of 2014 and is expected to be complete by the fourth quarter of 2018.
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.