-- US$126 million contract for I-90/SR-18 Interchange Improvements and Widening --
Toronto, Ontario – January 18, 2022: Aecon Group Inc. (TSX: ARE) announced today that it has been awarded a US$126 million contract by the Washington State Department of Transportation (WSDOT) to design and build the Interstate-90 (I-90) / State Road-18 (SR-18) to Deep Creek Interchange Improvements and Widening project near Snoqualmie, Washington. The value of the contract will be added to Aecon’s Construction segment backlog in the first quarter of 2022.
The scope of work includes the design and construction of a four-lane diverging diamond interchange, the widening of SR-18 to four lanes from the interchange to Deep Creek, as well as the design and construction of a four-lane bridge over Deep Creek, and a two-lane bridge over Raging River. Construction is expected to commence in the third quarter of 2022, with anticipated completion in the fourth quarter of 2024.
“Building on our strong presence in Western Canada, expanding our business in the Northwestern US is a natural progression and we are encouraged by the robust infrastructure opportunities in this market,” said Jean-Louis Servranckx, President and Chief Executive Officer, Aecon Group Inc. “We look forward to safely and successfully delivering this critical project for our client.”
Further information about the project is available on the WSDOT website.
As a Canadian leader in construction and infrastructure development with global expertise, Aecon Group Inc. (TSX: ARE) strives to be the number one Canadian infrastructure company and is proud to be recognized as one of the Best Employers in Canada. Aecon safely, profitably and sustainably delivers integrated solutions to private and public-sector clients through its Construction segment in the Civil, Urban Transportation, Nuclear, Utility and Industrial sectors, and provides project development, financing, investment and management services through its Concessions segment. Join our online community on Twitter, LinkedIn, Facebook and Instagram @AeconGroup.
Statement on Forward-Looking Information
The information in this press release includes certain forward-looking statements. These forward-looking statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties. In addition to events beyond Aecon's control, there are factors which could cause actual or future results, performance or achievements to differ materially from those expressed or inferred herein, as discussed in greater detail in Section 13 – “Risk Factors” in the Management’s Discussion and Analysis filed on February 25, 2021. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Aecon undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
For further information:
SVP, Corporate Development and Investor Relations
Senior Director, Corporate Affairs