Business & Finance
Business and Finance
Business and Finance
Tue, January 13, 2009
Mon, January 12, 2009 Aecon Group Inc.: Aecon Awarded Contract for Conversion of Nova Scotia Power Facility
HALIFAX, NOVA SCOTIA--(Marketwire - Jan. 12, 2009) - Aecon Group Inc. (TSX:ARE) announced today that its Atlantic Buildings Division has been awarded the Construction Management contract for the adaptive reuse of an existing power generating plant into corporate offices for Nova Scotia Power Corporation.
The project involves the extensive conversion of an existing, but underutilized generating plant in downtown Halifax into corporate office facilities. The converted 271,000 square foot facility will include occupancy for 500 employees, a 10,000 square foot public meeting hall, and parking facilities and has an estimated construction value of $53.4 million.
Work will commence in January of 2009, and the expected completion date for the fully converted facility is December 2010.
The project is a LEED (Leadership in Energy and Environmental Design) Gold certified project at minimum, but will aspire to LEED Platinum certification if feasible.
The project will include:
- Maximized sustainable content use in construction,
- Implementation of climate responsive and minimized life cycle costs,
- Use of available state of the art systems for lighting, heating, cooling, ventilation, glazing and renewable energy.
"The opportunity to re-create and re-energize this building, which is located in an area of Halifax containing historic properties, makes this a very exciting project, said Frank Ross, President, Aecon Atlantic. "We look forward to working with Nova Scotia Power to complete the conversion of their new headquarters using the variety of environmentally responsible elements included in the design."
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 internationally. Aecon is pleased to be recognized as one of the 10 Best Employers in Canada as published by Report on Business Magazine, as well as one of the Top 100 Employers in Canada as published in MacLean's Magazine.
The information in this news release includes certain forward-looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties which are discussed in greater detail in the section entitled "Risk Factors and Uncertainties" in Management's Discussion and Analysis of operating results and Financial Condition for the year ended December 31, 2007 filed on SEDAR at [ www.sedar.com ]. Although Aecon believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct.
