Toronto, Ontario 鈥 May 31, 2011: Aecon Group Inc. (TSX: ARE) today announced that a joint venture in which its Infrastructure Division is participating has been awarded a project with Metro Vancouver for the construction of a Water Supply Tunnel under the Fraser River in Greater Vancouver, British Columbia.
Under the contract, the Joint Venture, in which Aecon is a 40% partner, will sink two shafts and excavate 1,000m of EPB (earth pressure balanced) tunnel with precast segmental lining under the Fraser River from Surrey to Coquitlam, British Columbia. Work on the project which also includes the set up of two shaft sites, installation of welded steel pipe lining and construction of two valve chambers will begin immediately. Completion is expected in the summer of 2014.
Aecon鈥檚 partner in the Joint Venture is McNally International Inc. of Hamilton, Ontario.
The contract forms part of Greater Vancouver鈥檚 water transmission system risk management program. The new tunnel and water pipe will replace an existing, older pipeline under the Fraser River.
鈥淭his is the third large heavy civil infrastructure award that Aecon has been part of in British Columbia in the past two years,鈥 said Teri McKibbon, Aecon鈥檚 Chief Operating Officer. 鈥淚t reinforces Aecon鈥檚 position as a leader in B.C.鈥檚 civil construction sector.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 Best Employers in Canada.