Toronto, ON 鈥 September 2, 2010: Aecon Group Inc. (TSX:ARE) announced today that its Infrastructure division has been awarded a $32.9 million contract by the Ontario Ministry of Transportation (MTO) to expand Highway 11, near North Bay, Ontario.
Under the contract, Aecon will complete a four-lane 24.2 km expansion of Highway 11 beginning 3.5 km south of Highway 124 at Sundridge, and ending 8.3 km north of Ottawa Avenue at South River. Work on the project includes grading, drainage, illumination and paving. Construction has already begun and is expected to be complete by September, 2011.
Between 2006 and 2008, Aecon completed a $54 million MTO contract with Leo Alarie and Sons for the new alignment of Highway 11 at Burk鈥檚 Falls, near Huntsville. In the last ten years, Aecon has completed five major projects on Highway 11 for the MTO valued at over $175 million, with three as a joint venture partner with Leo Alarie and Sons.
鈥淚t is projects like this one that demonstrate Aecon鈥檚 collective expertise in highway construction, as well as our long-time client鈥檚 trust in what we build,鈥 said Teri McKibbon, CEO of Aecon鈥檚 Infrastructure Group. 鈥淲e are thrilled to continue to work with the MTO on such an important northern development project.鈥
Aecon Group Inc. is Canada鈥檚 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 50 Best Employers in Canada.