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Aecon Group Inc.: Aecon Selected as Construction Manager for Interior of Corus Entertainment Headquarters

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^{Published in Business and Finance on Wednesday, May 20th 2009 at 14:14 GMT, Last Modified on 2009-05-20 14:14:58 by Market Wire}  

TORONTO, ONTARIO--(Marketwire - May 20, 2009) - Aecon Group Inc. ("Aecon") (TSX:ARE) announced today its Buildings Division has secured a Construction Management contract to complete the interior of Corus Entertainment's new office building and broadcast centre located on Toronto's waterfront.

Aecon Buildings is currently completing a $100 million construction contract with the Toronto Economic Development Corporation (TEDCO) for construction of the base building.

The 560,000 square-foot structure includes a 75,000 square feet underground parking garage and is being built to LEED^® (Leadership in Energy and Environmental Design) Gold standards, marking yet another Aecon project to achieve LEED^® certification. The building incorporates such sustainable initiatives as a green roof, low-emitting materials, and rainwater reuse.

A major attraction of the new building is the multi-storey, glazed atrium which bisects the building and faces the waterfront. It features an impressive living bio-filter wall designed to improve the standard of indoor air quality and act as a large-scale focal point.

The new contract will see Aecon Buildings serving as Construction Manager in the completion of the building's interior which includes space for 1200 Corus employees, radio and television studios, a ground-floor restaurant and retail space.

Aecon first initiated the Preconstruction phase for the Corus interior project in January 2009.

"The awarding of this contract reflects Aecon Buildings' growing reputation for expertise in managing large scale, fit-out projects," said Frank Ross, President, Aecon Buildings. "It is especially significant to be working with Corus on a 'green' project that will contribute to the local economy."

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 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. Forward-looking statements are based on estimates and assumptions derived from past experience and interpretation of historical trends, current conditions and expected future developments. Many factors could cause Aecon's actual results, performance or achievements to vary from those expressed or inferred by these statements, including without limitation, the uncertainty caused by recent events in the global financial and credit markets, the future of the Eastmain Joint Venture to recover the value of unpriced change orders, risks associated with the Quito Airport Project and the various general and specific risks associated with operating in the construction and infrastructure development industry. Risk factors 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, 2008 to be 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.