TORONTO, May 26, 2022
/CNW/ - Aecon Group Inc. (TSX: ARE) announced today that
Graham-Aecon Joint Venture, a 50/50 consortium between Aecon and
Graham Construction, has been awarded a $273
million design-build contract by the Buffalo Pound Water
Treatment Corporation (BPWTC) for the Buffalo Pound Water Treatment
Plant Renewal Project near Moose Jaw,
Saskatchewan. Aecon's share of the contract will be added to
its Construction segment backlog in the second quarter of 2022.
The scope of work includes demolition, earthworks, structural
fabrication, electrical and instrumentation work, and the
construction of concrete foundations and commercial buildings to
deliver both new and retrofitted infrastructure. The upgrades will
modernize technology, improve residual water management practices
and increase the capacity of the facility. Construction is expected
to commence in the second quarter of 2022, with anticipated
completion in the second quarter of 2025.
The plant serves the cities of Regina and Moose
Jaw, SaskWater, and the Buffalo Pound Provincial Park, which
supplies water to many communities in the region. In total, the
plant supplies water to over 260,000 people.
"The Buffalo Pound Water Treatment Plant has been integral in
providing reliable, safe and high-quality water to surrounding
communities for decades and this critical project will ensure the
facility has the capacity to meet the needs of growing
populations," said Jean-Louis
Servranckx, President and Chief Executive Officer, Aecon
Group Inc. "We look forward to working with our client and partner
as we bring our industry-leading industrial and water
infrastructure expertise to deliver this sustainable project."
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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.