TORONTO, March 16, 2018 /CNW/ - A partnership between
Aecon, Flatiron Constructors Canada Limited, Dragados Canada, Inc.,
and EBC Inc. (AFDE Partnership) has signed the contract with BC
Hydro for the Site C Generating Station and Spillways (GSS) Civil
Works.
Valued at $1.6 billion, the GSS
Civil Works is one of the largest contracts to be awarded for the
Site C Project – a hydroelectric dam and generating station under
construction on the Peace River in northeast British Columbia. Aecon is Managing Partner of
the consortium and holds a 30 per cent share of the partnership,
which was previously selected as preferred proponent for the
project.
AFDE Partnership's scope of work includes the delivery of civil
works associated with the powerhouse, penstocks, spillways and
power intakes, plus related ancillary construction work.
The project will include the placement of approximately 700,000
cubic meters of mass and reinforced concrete, 34,000 tonnes of
rebar, and over 11,000 tonnes of steel. The powerhouse will contain
six generators with a combined capacity of 1,100 megawatts, with
corresponding intake structures connected to the powerhouse via
80 m-long 10-m diameter
penstocks.
AFDE Partnership has signed a Project Labour Agreement for this
work with the International Union of Operating Engineers (IUOE)
Local 115, the Construction and Specialized Workers Union (CSWU)
Local 1611 and the Construction Maintenance and Allied Workers
(CMAW).
As part of this agreement, AFDE Partnership has committed to
prioritize hiring locally and within British Columbia, as well as providing
opportunities for apprentices. This includes a goal of up to 25 per
cent apprenticeships on the project. There are also targets for
Indigenous apprentices and employment.
Construction is expected to begin in the spring of 2018, with
work expected to be completed in early 2023. At the peak of
construction in 2021, there will be approximately 1,600 people
working on the GSS civil works. AFDE Partnership will work with
local, regional, and Indigenous businesses on supplier and
subcontracting opportunities.
"The award of this project demonstrates the strong and diverse
backlog of Aecon's Infrastructure segment," said John M. Beck, President and Chief Executive
Officer, Aecon Group Inc. "We are pleased to once again work with
our esteemed client BC Hydro and look forward to delivering this
vital hydroelectric infrastructure with our valued partners."
"With Aecon's work nearing completion on BC Hydro's John Hart
Generating Station project, we look forward to leveraging our
seasoned capabilities to execute the Site C generating station and
spillways civil works," said Mark
Rivett, Executive Vice President, Aecon Infrastructure.
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 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. Forward-looking statements may include,
without limitation, statements regarding the operations, business,
financial condition, expected financial results, performance,
prospects, ongoing objectives, 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. 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. 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.