Business
Aecon identifies Infrastructure award as $156 million MTO project for Highway 410
TORONTO , Sept. 9, 2014 /CNW/ - Aecon Group Inc. (TSX: ARE) announced today that it has ...
About this update from Aecon Group Inc.
[{"type":"text","content":"\n\n\nTORONTO, Sept. 9, 2014 /CNW/ - Aecon Group Inc. (TSX: ARE) announced\n today that it has been awarded a $156 million contract by the Ontario\n Ministry of Transportation (MTO) to widen Highway 410 in Peel Region. \n To be booked in the third quarter as backlog, Aecon previously\n announced this Infrastructure contract in its second quarter results\n release.\n\n\nThe work includes grading, drainage, paving, electrical work, widening\n and repairing bridge structures, construction of new ramps, as well as\n updating the advanced traffic management system along Highway 410 from\n south of Highway 401 to Queen Street in Brampton.\n\n\n\"Highway 410 is a major traffic artery for motorists in the Greater\n Toronto Area,\" said Teri McKibbon, Aecon's President and Chief\n Executive Officer. \"Aecon has a long history of developing highway\n projects across Ontario and we are pleased to be selected by the MTO to\n complete road work and additional upgrades along this key\n transportation corridor.\"\n\n\nThe project will begin in the third quarter of 2014 and is expected to\n be complete by the fourth quarter of 2018.\n\n\nAecon Group Inc. is a Canadian leader in construction and infrastructure\n development providing integrated turnkey services to private and public\n sector clients. Aecon is pleased to be consistently recognized as one\n of the Best Employers in Canada.\n\n\nThe information in this press release includes certain forward-looking\n statements. These \"forward-looking\" statements are based on currently\n available competitive, financial and economic data and operating plans\n but are subject to risks and uncertainties.  In addition to events\n beyond Aecon's control, there are factors which could cause actual or\n future results, performance or achievements to differ materially from\n those expressed or inferred herein including, but not limited to: the\n timing of projects, unanticipated costs and expenses, general market\n and industry conditions and operational and reputational risks,\n including Large Project Risk and Contractual Factors. Readers are\n referred to the specific risk factors relating to and affecting Aecon's\n business and operations as filed by Aecon pursuant to applicable\n securities laws.  Forward-looking statements may include, without\n limitation, statements regarding the ...