Press release from CNW Group
Aecon awarded $16 million MTO contract for Hwy 11 upgrade in Northeastern Ontario
Thursday, December 02, 2010
TORONTO, Dec. 2 /CNW/ - Aecon Group Inc. (TSX:ARE) announced today that its Infrastructure division has been awarded a $16.2 million contract by the Ontario Ministry of Transportation (MTO) to upgrade Highway 11, north of New Liskeard, Ontario.
Under the contract, Aecon will upgrade the 27.6 km section of Highway 11 from the south junction of Highway 569 north to the Englehart River Bridge. Work on the project includes grading, storm drainage, electrical and paving. Construction has started with completion expected by October 2011.
"Aecon and Alarie have worked on seven contracts for Highway 11 in the last five years with a combined contract value of $144 million," said Teri McKibbon, CEO of Aecon's Infrastructure group. "We are very pleased to continue our work for the MTO on this important corridor."
Aecon Group Inc. is Canada's largest, publicly traded construction and infrastructure development company. Aecon and its subsidiaries provide services to private and public sector clients throughout Canada and on a selected basis internationally. Aecon is pleased to be recognized as one of the Best Employers in Canada.
The information in this presentation 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 general global events outside Aecon's control, there are factors which could cause actual results, performance or achievements to vary from those expressed or inferred herein. Risk factors are discussed in greater detail in the section on "Risk Factors" in the Final Short Form Prospectus filed on October 1, 2010 and available at www.sedar.com. Forward-looking statements include information concerning possible or assumed future results of operations or financial position of Aecon, as well as statements preceded by, followed by, or that include the words "believes," "expects," "anticipates," "estimates," "projects," "intends," "should" or similar expressions. Important factors, in addition to those discussed in this document, could affect the future results of Aecon and could cause those results to differ materially from those expressed in any forward-looking statements.
For further information:
Senior Vice President
Aecon Group Inc.