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Press release from CNW Group

Aecon / Dufferin joint venture selected as Preferred Proponent for the Airport Rail Link Spur Project

Tuesday, October 25, 2011

Aecon / Dufferin joint venture selected as Preferred Proponent for the Airport Rail Link Spur Project16:16 EDT Tuesday, October 25, 2011- - Design / Build / Finance partnership with Infrastructure Ontario and Metrolinx - -TORONTO, Oct. 25, 2011 /CNW/ - Aecon Group Inc. (TSX:ARE) announced today that its Infrastructure Division, in a joint venture with Dufferin Construction Company, a Division of Holcim (Canada) Inc., has been selected as the preferred proponent by Infrastructure Ontario and Metrolinx, to design, build, and finance a three-kilometre rail line for the Air Rail Link (ARL) and an ARL passenger station at Toronto Pearson International Airport.The project team, in which Aecon is a 50% partner, will design, build, and finance a three kilometer elevated guideway connecting the existing Georgetown GO Transit line to the Toronto Pearson International Airport.  The project includes construction of a new ARL station at the airport Terminal 1, multiple utility relocations as well as crossings over the environmentally sensitive Mimico Creek and three major roadways.Financial close on the project is expected by early 2012, and completion of the ARL Spur project is scheduled for the summer of 2014."This air-rail link is an important part of Metrolinx' plan for expanding public transit in the Greater Toronto area, and we are proud to be part of this landmark project," said Teri McKibbon, Aecon's Chief Operating Officer.  "Once again, Aecon's ability to combine our Buildings, Civil and Utilities expertise into one project team is paying off for our clients."Aecon Group Inc. is one of Canada's largest and most diverse construction and infrastructure development companies. 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 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 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 including risks associated with an investment in the common shares of Aecon and the risks related to Aecon's business, including Large Project Risk and Contractual Factors. Risk factors are discussed in greater detail in the section on "Risk Factors" in the Annual Information Form filed on March 30, 2011 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: Mitch Patten Senior Vice President, Corporate Affairs, Aecon Group Inc. 416-297-2615 aecon@aecon.com www.aecon.com