Aecon awarded $60 million Enbridge Terminal Project

EDMONTON, Oct. 24, 2013 /CNW/ - Aecon Group Inc. (TSX: ARE) announced today, coinciding with an investor tour with Raymond James in Edmonton, that it has been awarded a construction contract by Enbridge Pipelines Inc. as part of Enbridge's South Edmonton Terminal Expansion Project. 

The project is located in Edmonton, Alberta and is an expansion of the south portion of the existing Enbridge Terminal. The scope of work for the project includes structural, mechanical and piping installation work as well as pipe fabrication which will be performed in Aecon's facility in Sherwood Park, Alberta.

"This award underlines both the significance of our relationships with key clients such as Enbridge, and the growth of our business in the energy sector in Western Canada," says Teri McKibbon, President & Chief Operating Officer, Aecon Group Inc.

Work is scheduled for completion in the third quarter 2015.

Aecon Group Inc. is a Canadian leader in construction and infrastructure development providing integrated turnkey services to private and public sector clients. Aecon is pleased to be consistently recognized as one of the Best Employers in Canada.

The information in this press release includes certain forward-looking statements which are subject to risks and uncertainties.  In addition to events beyond Aecon's control, there are factors which could cause actual or future results, performance or achievements to differ materially from those expressed or inferred herein including, but not limited to: the timing of the project, unanticipated costs and expenses, general market and industry conditions and operational and reputational risks, including large project risk and contractual factors. Readers are referred to the specific risk factors relating to and affecting Aecon's business and operations as filed by Aecon pursuant to applicable securities laws.  Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Aecon undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE: Aecon Group Inc.

Vince Borg
Senior Vice President,
Corporate Affairs
Aecon Group Inc.
416-297-2615
[email protected]