Toronto, ON – April 12, 2018: Aecon Group Inc. (TSX: ARE) announced today that NouvLR General Partnership (“NouvLR”) has finalized a $5 billion contract with CDPQ Infra Inc. (“CDPQ Infra”), subsidiary of the Caisse de dépôt et placement du Québec, for the engineering, procurement and construction of the Réseau express métropolitain (“REM”). NouvLR is a consortium comprised of: Groupe Aecon Québec Ltée, Dragados Canada Inc., EBC Inc., Pomerleau Inc., and SNC-Lavalin Major Projects Inc.
Aecon’s 24 per cent share in the project will add $1.2 billion to backlog in the second quarter of 2018.
The REM is a fully automated, electric light rail transit network that includes 67 kilometres of double tracks, 3.5 kilometres of tunnels, 26 new accessible stations and park-and-ride facilities with associated bus terminals. By integrating into existing public transit networks in Montreal the REM will create a connected transit system linking downtown Montreal, the South Shore, West Island, North Shore and Pierre Elliott Trudeau International Airport. Early works are already underway with construction anticipated to start in the spring of 2018.
“This critical addition to the Greater Montréal Area represents another big step in Canada’s unprecedented transit build-out,” said John M. Beck, President and Chief Executive Officer, Aecon Group Inc. “This contract illustrates Aecon’s proven reputation delivering first-rate transit solutions and underscores the strong backlog of our Infrastructure segment. Aecon is pleased to work with our valued partners on this historic, world class project that will expand Montréal’s transit network, reduce commute times and bring communities closer to each other.”
Aecon Group Inc. (TSX: ARE) is a Canadian leader and partner-of-choice in construction and infrastructure development. Aecon provides integrated turnkey services to private and public sector clients in the Infrastructure, Energy and Mining sectors and provides project management, financing and development services through its Concessions segment. For more information, please visit aecon.com and follow us on Twitter at @AeconGroup.