Aecon is pleased to announce it has signed a strategic delivery partnership agreement with Canadian Nuclear Laboratories (CNL) supporting the delivery of CNL’s Vision 2030 corporate strategy, which includes the continued revitalization of the Chalk River Laboratories campus in Ontario.
Greg Thede, Vice President, Nuclear Strategy, Business Services & U.S. Operations, Aecon Nuclear joined Joe McBrearty, President & CEO, CNL and Fred Dermarkar, President & CEO, AECL along with representatives of 10 additional strategic partner organizations for a signing ceremony in Chalk River. The scope of work for the strategic delivery partners will primarily include construction, with additional scope including large scale environmental impact assessments and energy efficiency improvements.
“Aecon is proud to have been selected by CNL as a strategic partner to support the delivery of CNL’s corporate strategy going forward,” said Thede. “This long-term partnership furthers Aecon’s diversification strategy, and the collaborative approach will aid in the safe and sustainable planning and execution of CNL’s upcoming program of work.”
The agreements will help CNL more confidently plan and deliver its program of work and achieve broader organizational objectives including company-wide sustainability targets, improved engagement with Indigenous Peoples and economic development using local suppliers.
In addition to CNL’s existing 10-year capital program, which is funded through a $1.2 billion investment from AECL on behalf of the Government of Canada and includes the construction of a series of new buildings, CNL is poised to commence a multi-billion-dollar program of work. Site-wide infrastructure upgrades to improve energy performance include a new health research facility to advance research related to nuclear medicine, radiopharmaceuticals and low-dose radiation, ongoing environmental remediation and restoration activities as part of the Port Hope Area Initiative (PHAI), and the construction of at least six major facilities in support of restoring and protecting Canada’s environment.
“With a significant program of work on the horizon at the Chalk River Laboratories campus, it is critical that we have a reliable supply chain in place to safely deliver this work on time, on schedule, and according to the high expectations of CNL, AECL and the Government of Canada,” said Mr. McBrearty. “These agreements will facilitate improved engagement and relationships with our supply chain at a business-to-business level, which will strengthen our performance and the execution of the work.”
Fred Dermarkar, President of Atomic Energy of Canada Limited (AECL), said that the quality of the supply chain is essential to the success of both CNL and AECL, which owns the Chalk River Laboratories.
“Reliable partners who can enable the site’s renewal and advance Indigenous reconciliation are key to CNL’s success. I welcome these partnership agreements and look forward to the progress that we shall achieve together.”
The agreements prioritize the use of local resources in the delivery of the work, which includes the hiring of local vendors that live and work in the Ottawa Valley and the use of Indigenous contractors. Aligning with Aecon’s commitment sustainability, CNL has also made it a requirement that environmental stewardship and sustainability are integrated into all areas of the work, including the use of environmentally friendly materials, practices, and organizations, to limit the impact of this work on future generations.
About Aecon
As a Canadian leader in construction and infrastructure development with global expertise, Aecon strives to be the number one Canadian infrastructure company and is proud to be recognized as one of the Best Employers and Best 50 Corporate Citizens 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, Instagram and TikTok @AeconGroupInc.
About CNL
As Canada’s premier nuclear science and technology organization, CNL is a world leader in the development of innovative nuclear science and technology products and services. Guided by an ambitious corporate strategy known as Vision 2030, CNL fulfills three strategic priorities of national importance – restoring and protecting the environment, advancing clean energy technologies, and contributing to the health of Canadians. To learn more about CNL, please visit www.cnl.ca.
For further information:
Greg Thede
Vice President, Nuclear Strategy, Business Services & U.S. Operations, Aecon Nuclear
416-297-2600
gthede@aecon.com