Aecon awarded $33 million MTO contract to expand Highway 11

TORONTO, Sept. 2 /CNW/ - 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's 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.

"It is projects like this one that demonstrate Aecon's collective expertise in highway construction, as well as our long-time client's trust in what we build," said Teri McKibbon, CEO of Aecon's Infrastructure Group. "We are thrilled to continue to work with the MTO on such an important northern development project."

Aecon Group Inc. is Canada's 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.

The information in this presentation 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 general global events outside Aecon's control, there are factors which could cause actual results, performance or achievements to vary from those expressed or inferred herein. Risk factors are discussed in greater detail in the section on "Risk Factors" in the Annual Information Form filed on March 31, 2010 and available at www.sedar.com. Forward-looking statements include information concerning possible or assumed future results of operations or financial position of Aecon, as well as statements preceded by, followed by, or that include the words "believes," "expects," "anticipates," "estimates," "projects," "intends," "should" or similar expressions. Important factors, in addition to those discussed in this document, could affect the future results of Aecon and could cause those results to differ materially from those expressed in any forward-looking statements.

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For further information: Mitch Patten, Senior Vice President, Corporate Affairs, Aecon Group Inc., 416-297-2615, [email protected], www.aecon.com