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Aecon announces partnership with Mikisew Group of Companies and Master Service Agreement for Fort Hills oil sands project
Aecon announces partnership with Mikisew Group of Companies and Master Service Agreement f...
About this update from Aecon Group Inc.
[{"type":"text","content":"\n\n\n\nAecon announces partnership with Mikisew Group of Companies and Master Service Agreement for Fort Hills oil sands project\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, July 30, 2018\n\n\n\nTORONTO, July 30, 2018 /CNW/ - Aecon Group Inc. (TSX: ARE) announced today that Mikisew Aecon Limited Partnership, a newly formed joint venture between Aecon (49%) and Mikisew Group of Companies (Mikisew Cree First Nation) (51%), has been awarded a Master Service Agreement (MSA) by Fort Hills Energy L.P. for work on the Fort Hills oil sands project located approximately 90 kilometres north of Fort McMurray, Alberta. The Fort Hills oil sands project is operated by Suncor. Two initial contracts awarded under the MSA are expected to have an estimated aggregate value of approximately $100 million. \n\nThrough the MSA, the Mikisew Aecon Limited Partnership will be responsible for overburden removal and other major civil and earthworks at Fort Hills. Work on the initial projects began in the second quarter of 2018 and both are expected to reach completion in the second quarter of 2019. \n\nThis new venture with the Mikisew Group of Companies will focus on mining and heavy civil construction activities in Alberta and is a welcome addition to Aecon's partnerships with more than 25 Indigenous communities across Canada. \n\n\"We're very pleased to announce the creation of our new partnership with Aecon,\" said Edward Courtoreille, Chief Executive Officer, Mikisew Group of Companies. \"Aecon's proven track record working effectively with Indigenous communities across the country, along with their success as a trusted partner in the oil sands industry, made it an easy decision to form this partnership.\" \n\nThe partnership adds to Mikisew Cree First Nation's portfolio of construction capabilities which will create further business and employment opportunities.\n\n\"The addition of this partnership to our group of Nation-owned companies allows us to add heavy civil construction to our portfolio,\" said Courtoreille. \"We look forward to growing the Mikise...