TORONTO, Dec. 21, 2017 /CNW/ - Aecon Group Inc. (TSX: ARE)
announced today that a partnership between Aecon (30%), Dragados
Canada, Inc. (27.5%), Flatiron Constructors Canada Limited (27.5%),
and EBC Inc. (15%) has been selected as the preferred proponent by
BC Hydro to move to the next procurement phase for the Site C
generating station and spillways civil works contract in northeast
British Columbia.
Subject to final contract award, Aecon's scope of work will
include delivery of civil works associated with the powerhouse,
penstocks, spillways and power intakes, plus related ancillary
construction work.
Full contract award is expected to take place in early 2018.
Work will be performed through Aecon's Infrastructure segment and
is scheduled to commence in the spring of 2018, with expected
completion in early 2023.
"Aecon is proud to be working with BC Hydro to deliver the
largest clean energy project in British
Columbia's history. This significant project will create
numerous employment opportunities," said John M. Beck, President and Chief Executive
Officer, Aecon Group Inc. "This selection further solidifies
Aecon's presence in Western
Canada, where we have worked on several large-scale
hydroelectric projects, including civil works at BC Hydro's John
Hart Generating Station. The experienced and successful team from
John Hart are primed to execute the
Site C generating station and spillways civil works. At Aecon we
continue to demonstrate our ability to deliver integrated, turnkey
solutions across a range of sectors, which is a testament to our
diverse capabilities. We look forward to working with our valued
partners to deliver this critical project."
About Aecon
Aecon Group Inc. (TSX: ARE) is a Canadian leader and
partner-of-choice in construction and infrastructure development.
Aecon provides integrated turnkey services to private and public
sector clients in the Infrastructure, Energy and Mining sectors and
provides project management, financing and development services
through its Concessions segment. For more information, please
visit www.aecon.com and follow us on Twitter
at @AeconGroup.
Statement on Forward-Looking Information
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 events beyond Aecon's control, there
are factors which could cause actual or future results, performance
or achievements to differ materially from those expressed or
inferred herein including, but not limited to: the timing of
projects, unanticipated costs and expenses, general market and
industry conditions and operational and reputational risks,
including Large Project Risk and Contractual Factors. Readers are
referred to the specific risk factors relating to and affecting
Aecon's business and operations as filed by Aecon pursuant to
applicable securities laws. Forward-looking statements may
include, without limitation, statements regarding the operations,
business, performance, prospects, strategies and outlook for
Aecon. Forward-looking statements, may in some cases be
identified by words such as "will," "plans," "believes," "expects,"
"anticipates," "estimates," "projects," "intends," "should" or the
negative of these terms, or similar expressions. Except as
required by applicable securities laws, forward-looking statements
speak only as of the date on which they are made and Aecon
undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or
otherwise.
SOURCE Aecon Group Inc.