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Aecon Group Inc.: Aecon Awarded $79 Million Contract for University of Ottawa Social Science Building

^{Published on 2009-09-03 14:40:26 - Market Wire}
 

TORONTO, ONTARIO--(Marketwire - Sept. 3, 2009) - Aecon Group Inc. (TSX:ARE) announced today that its Buildings Division has been awarded a $79 million contract for the construction of a new Social Science Building and the renovation of Vanier Hall at the University of Ottawa.

Under this contract, Aecon will build a new 278,000 square foot structure which will be built to LEED^® (Leadership in Energy and Environmental Design) Gold standards. The building will be 16-storeys tall with two additional levels below ground. Lab rooms, class rooms and offices will occupy the space.

In addition, Aecon will renovate administrative space at Vanier Hall on the University of Ottawa's campus. The 148,000 square foot, six-storey building will also be LEED certified. Work on both projects will begin immediately and is expected to be complete in September 2011.

"This is Aecon's 17th contract in the past five years for construction and/or renovation of buildings to LEED standards," said Frank Ross, President, Aecon Buildings. "The project demonstrates Aecon's growing presence in the burgeoning LEED construction market."

Aecon recently announced a $52 million contract awarded to Aecon Buildings for the redevelopment of the Queenston-Lewiston Border Crossing Plaza, as well as a $47 million contract award for the reconstruction of the Carbonneau Bridge in Quebec. This brings the total of value of contract awards announced by Aecon this week to $178 million.

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.