Aecon Industrial awarded key Oilsands contract

TORONTO , Nov. 16 /CNW/ - Aecon Group Inc. (TSX: ARE) announced today that Lockerbie & Hole Industrial, a division of Aecon Lockerbie Industrial has been awarded a key contract to complete the field construction of Suncor's Firebag 3 central plant facilities.

The project, elements of which are fixed-price/lump sum, includes the completion of piping, electrical, and insulation work, as well as some smaller civil and mechanical work for five of the ten process units that make up Plant 93. The workforce for this project is expected to peak at 600 personnel. Work is scheduled to begin in January 2010 and is scheduled for completion by the end of the third quarter in 2010.

"This contract is one of the largest in the history of the Industrial Group, and signifies for us that work in the Oilsands is beginning to ramp-up once again," said Paul Koenderman, Executive Vice President, Aecon Industrial Group. "This project award builds on the longstanding relationship that both Aecon and Lockerbie have developed with Suncor."

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 10 Best Employers in Canada as published by Report on Business Magazine.

The information in this news release includes certain forward-looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties which are generally described in the Final Prospectus filed on September 22, 2009 and available on SEDAR at www.sedar.com. Although Aecon believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct.

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