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Aecon Group Inc.: Aecon Awarded $47 Million Contract for Carbonneau Bridge Reconstruction

^{Published on 2009-09-03 03:37:47 - Market Wire}
 

TORONTO, ONTARIO--(Marketwire - Sept. 3, 2009) - Aecon Group Inc. (TSX:ARE) announced today that its Infrastructure division has been awarded a $46.7 million contract by the Ministry of Transportation in Quebec for the reconstruction of the Carbonneau Bridge in St- Felicien near Roberval, Lac St-Jean.

The project includes three phases of construction. Phase one involves the construction of the first half of the new 336-meter Carbonneau Bridge and is scheduled to be completed at the end of October 2010. Phase two includes the demolition of the existing bridge and construction of the second half of the bridge scheduled to be completed for the beginning of July 2012. Phase three will involve completion of the bridge which is scheduled to be finished at the end of October 2012.

The reconstruction of the bridge includes 6,800 cubic meters of concrete, eight steel reinforced caissons 3.5 metres in diameter embedded six metres into the rock, as well as 200 tubular piles supporting the abutments. The project also involves civil work including drainage, paving and road work on both east bound and west bound approaches.

"Aecon brings considerable strength and experience as well as the capacity required to meet not only the needs of this project, but also the growing demand for civil infrastructure in Quebec," said Teri McKibbon, CEO of Aecon Infrastructure. "Aecon has an extensive history in the province of Quebec and we are excited to be working with the Ministry of Transportation on this substantial project."

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. These statements are based upon assumptions that are subject to significant risks and uncertainties which are generally described in Section 3.2 "Risk Factors" in Aecon's Annual Information Form dated March 30, 2009 available 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.