Aecon awarded two contracts in Alberta totalling $75 million
2010年8月19日 - 7:00PM
PR Newswire (Canada)
CALGARY, Aug. 19 /CNW/ -- CALGARY, Aug. 19 /CNW/ - Aecon Group Inc.
(TSX: ARE) announced today that its Infrastructure Division has
been awarded two contracts totalling $75.4 million; a contract by
Parks Canada for $46.7 million for the twinning of the Trans Canada
Highway in Banff National Park, and a contract from the City of
Calgary for the extension of 96 Avenue Northeast in Calgary. Under
the terms of the first contract awarded by Parks Canada, Aecon will
twin the Trans Canada highway in Banff National Park for a 6.2
kilometre stretch from just west of Lake Louise to the British
Columbia/Alberta border. The project includes the construction of
three bridges, two over the Canadian Pacific Railroad, as well as
one to serve as a wildlife crossing over Bath Creek. The project
also involves installation of wildlife fencing along the project's
length. Under the second contract, Aecon will construct a six-lane
extension to connect the existing 96 Avenue NE with the
Deerfoot-Trail Airport Interchange, for the City of Calgary. The
contract includes upgrading the interchange, for Alberta
Transportation. In addition, Aecon will construct four new bridges
for eastbound and westbound traffic over Nose Creek and the
Canadian Pacific Rail tracks. The project also involves the
construction of a new embankment, storm-water facilities, sanitary
sewers, water main installation and sign structures. As well, Aecon
will construct an extension of The City of Calgary's Regional
Pathway. Work on both projects has commenced, with completion
scheduled for the summer of 2010. "These high-profile projects are
a great fit for Aecon, and demonstrate our extensive experience in
constructing highways while maintaining the ecological integrity of
the areas," said Teri McKibbon, CEO of Aecon's Infrastructure
Group. "Aecon's strength and experience, alongside our reputation
for working on such projects, make Aecon a great partner for both
the City of Calgary and Parks Canada." 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 50 Best Employers in Canada as published by Report on
Business Magazine. 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. Recent events in global financial and credit markets
have resulted in abnormally high market volatility and a level of
uncertainty not seen in decades. The high level of uncertainty
arising from this crisis may continue to impact the global, North
American and Canadian economies in unpredictable ways and may
impact the results of Aecon in a manner which is currently
impossible to ascertain. In addition, factors could cause Aecon's
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 Annual Information
Form filed on March 31, 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. %SEDAR: 00004778EF Mitch Patten,
Senior Vice President, Corporate Affairs, Aecon Group Inc.,
416-297-2615, aecon@aecon.com, www.aecon.com
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