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News Release

Aecon awarded mine contract

Nov 3, 2008
Aecon Group Inc. today announced that its wholly-owned subsidiary, Leo Alarie and Sons Construction Ltd. has formed a joint venture with the Wahgoshig First Nation.

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Aecon reports best quarter in its history

Oct 28, 2008
Aecon Group Inc. today reported record third quarter results as revenues, margins and net income all increased over those reported a year earlier.

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Aecon awarded four-year utility distribution construction contract from Enbridge Gas Distribution Inc.

Oct 23, 2008
Aecon Group Inc. today announced that its Infrastructure Division has entered into a four-year alliance contract from Enbridge Gas Distribution Inc. (“Enbridge”) that could total approximately $180 million over the term of the agreement.

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Aecon Recognized as one of the Top Employers in Canada

Oct 6, 2008
Aecon Group Inc. announced today that it has been named one of the Top 100 Employers in Canada for 2009. The annual Top 100 Employers list is organized by Mediacorp Canada Inc., and published in Maclean’s magazine.

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IST awarded two contracts totaling $8 million

Oct 1, 2008
Aecon Group Inc. today announced that its wholly-owned subsidiary, Innovative Steam Technologies (IST), has been awarded two contracts totaling $8 million to supply its Once-Through Steam Generator (OTSG) units to clients in Turkey.

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Aecon awarded $19 million MTO contract to reconstruct Highway 11 near Huntsville

Sep 24, 2008
Aecon Group Inc. announced today that it has been awarded a $19.1 million contract by the Ontario Ministry of Transportation (MTO) to reconstruct a 5 km stretch of Highway 11 near Huntsville, Ontario.

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Aecon awarded contract for new $27 million Academic Building at Dalhousie University

Aug 28, 2008
Aecon Group Inc. announced today that its Atlantic Buildings Division has been awarded a Construction Management contract for the new $27 million Academic Building at Dalhousie University in Halifax.

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Aecon awarded $31 million contract for reconstruction of Smiths Falls District Hospital

Aug 26, 2008
Aecon Group Inc. announced today that its Buildings Division has been awarded a contract totaling approximately $31.5 million for the re-development of the Perth and Smiths Falls District Hospital in Smiths Falls, Ontar

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Aecon reaches Financial Close on $112 million hospital expansion and renovation project

Aug 19, 2008
Aecon Group Inc. announced today that its Buildings Division has reached Financial Close on the expansion and renovation of the Toronto Rehabilitation Institute’s (Toronto Rehab) University Centre located on University Avenue in Toronto.

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Aecon announces closing of new senior credit facility - - New facility increases credit availability and flexibility - -

Aug 14, 2008
Aecon Group Inc. announced today that it has signed new three-year $100 million senior credit facility that will increase Aecon’s total credit availability by approximately $35 million and improve its flexibility with respect to debt management.

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IST awarded First Enhanced Oil Recovery contract in Alberta oilsands

Aug 13, 2008
Aecon Group Inc. today announced that its wholly-owned subsidiary, Innovative Steam Technologies (IST), has been awarded a contract to supply its Enhanced Oil Recovery (EOR) /Steam Assisted Gravity Drainage (SAGD) system to Serrano Energy in Alberta.

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Aecon awarded $105 million contract for reconstruction and widening of Hwy 401 in southwestern Ontario

Aug 11, 2008
Aecon Group Inc. announced today that it has been awarded a $105 million contract by the Ontario Ministry of Transportation (MTO) to reconstruct and widen a 15 km stretch of Highway 401 near Woodstock, Ontario. It is the third largest contract MTO has ever awarded, and the largest MTO contract Aecon has received.

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Aecon reports another record quarter

Aug 5, 2008
Aecon Group Inc. today reported record second quarter results as revenues, margins, and net income all increased over those reported a year earlier.

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Aecon reaches commercial close on hospital expansion and renovation project

Jul 28, 2008
Aecon Group Inc. announced today that its Buildings Division has reached commercial close on the previously announced renovation and expansion of the Toronto Rehabilitation Institute’s (Toronto Rehab) University Centre on University Avenue in Toronto.

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Aecon awarded $81 million highway contract in Alberta

Jul 17, 2008
Aecon Group Inc. announced today that it has been awarded a contract by Alberta Transportation to twin a 13-kilometre section of Highway 21 near Edmonton. The $81-million contract is the largest civil construction project Aecon has received since opening its civil construction office in 2006.

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Aecon Industrial signs alliance agreement with Union Gas

Jul 17, 2008
Aecon Group Inc. announced today that its Industrial Division has entered into a multi-year alliance agreement with Union Gas Limited to perform all of Union Gas’ compressor station construction and upgrading work across Ontario.

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Arbitration panel in India rules favourably on Aecon extension of time claim

Jul 13, 2008
Aecon Group Inc. announced today that the arbitration panel considering the first of two major claims launched by Aecon and its partner in respect of the Nathpa Jhakri hydroelectric project in India has ruled substantially in Aecon’s favour.

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Aecon recognized as having one of Canada’s 30 Best Pension and Benefits Plans

Jul 10, 2008
Aecon Group Inc. announced today that it has been recognized as having one of Canada’s 30 Best Pension and Benefits Plans.

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IST awarded contract totalling over $33 million

Jul 8, 2008
Aecon Group Inc. today announced that its wholly-owned subsidiary, Innovative Steam Technologies (IST), has been awarded a contract totalling over $33 million to supply its Once-Through Steam Generator (OTSG) units to Sherritt Power in Boca de Jarunco, Cuba.

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Aecon / Caspian joint venture awarded contract for new Winnipeg mail processing plant

Jul 3, 2008
Aecon Group Inc. announced today that a 50/50 joint venture consisting of Aecon Buildings and Caspian Projects Inc. of Winnipeg, Manitoba has secured a contract to design and build Canada Post’s new Winnipeg mail processing plant.

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IST awarded two contracts totalling $10 million

Jun 24, 2008
Aecon Group Inc. today announced that its wholly-owned subsidiary, Innovative Steam Technologies (IST), has been awarded two contracts totalling $10 million to supply its Once-Through Steam Generator (OTSG) units internationally.

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Aecon selected as highest ranking bidder for hospital expansion and renovation project

Jun 11, 2008
Aecon Group Inc. announced today that its Buildings Division has been selected by the Toronto Rehabilitation Institute (Toronto Rehab) and Infrastructure Ontario as the highest ranking bidder for the renovation and expansion of Toronto Rehab’s University Centre on University Avenue in Toronto.

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Aecon awarded $130 million contract to build new Quantum Nanotechnology Centre at University of Waterloo

Jun 9, 2008
Aecon Group Inc. announced today that its Buildings Division has been awarded a lump sum contract totaling approximately $130 million by the University of Waterloo to construct the Mike and Ophelia Lazaridis Quantum-Nano Centre on the University’s main campus in Waterloo, Ontario.

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Aecon announces opening of new facility in Pictou, Nova Scotia

May 23, 2008
Aecon Group Inc. today announced that its Aecon-Fabco division will be opening a new facility in Pictou, Nova Scotia on June 1, 2008.