TORONTO, May 5, 2022
/CNW/ - Aecon Group Inc. (TSX: ARE) announced today that Connect
Cité, a 50/50 general partnership between Aecon and EBC in which
Aecon is the lead partner, has finalized a $219 million contract with ADM Aéroports de
Montréal to build the Montréal-Trudeau International Airport Réseau
express métropolitain (REM) Station project in Québec. Aecon's
share of this contract will be added to its Construction segment
backlog in the second quarter of 2022, with additional scope and
related pricing being finalized through a collaborative process in
the coming months.
The scope of work includes construction, project management, and
commissioning of the station shell and associated buildings to
enable the concurrent REM project to access the site and complete
equipment installations to commence operations. Construction will
commence in the second quarter of 2022.
The station is a significant addition to Montréal's transit
system and will be a critical hub for the 67-kilometre REM network,
a project in which Aecon is also currently playing a key role in
executing. Upon completion, it will take approximately 25 minutes
to travel from the station to downtown, with faster and more
frequent all-day service.
"The REM network will improve mobility and connect communities
across the Greater Montréal Area with faster and more sustainable
transit, and we look forward to working with ADM and our partner to
deliver this world-class project," said Jean-Louis Servranckx, President and Chief
Executive Officer, Aecon Group Inc. "This project further
strengthens our presence in Québec, as we continue to pursue
significant opportunities across the province to build the critical
infrastructure required to meet the needs of future
generations."
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About Aecon
As a Canadian leader in construction and infrastructure
development with global expertise, Aecon Group Inc. (TSX: ARE)
strives to be the number one Canadian infrastructure company and is
proud to be recognized as one of the Best Employers in Canada. Aecon safely, profitably, and
sustainably delivers integrated solutions to private and
public-sector clients through its Construction segment in the
Civil, Urban Transportation, Nuclear, Utility, and Industrial
sectors, and provides project development, financing, investment
and management services through its Concessions segment. Join our
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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. 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, as discussed in greater detail in Section 13 –
"Risk Factors" in the Management's Discussion and Analysis filed on
March 1, 2022. 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, except as required by applicable
law.
SOURCE Aecon Group Inc.