Bird Construction Income Fund announces execution of a design and
construction contract with Green Timbers Limited Partnership for the RCMP E
Division Headquarter Relocation Project

    
    LISTING: TORONTO STOCK EXCHANGE
    SYMBOL: BDT.UN
    

TORONTO, April 23 /CNW/ - Bird Construction Income Fund announced today that an operating subsidiary of the Fund has executed a design and construction contract with Green Timbers Limited Partnership to design and build the RCMP E Division Headquarter Relocation Project located in Surrey, British Columbia. On March 19, 2010, the Fund announced that Bird was a member of the Green Timbers Accommodation Partners consortium selected as the preferred proponent responsible for the design, build, finance and maintenance of the new facility. Since that time, the consortium has reached financial close.

Bird's role relates to the design and construction of the facility in a joint venture with Bouygues Building Canada Inc. Construction is expected to commence shortly with a completion date of late-2012. The value of Bird's share of the design and construction contract is approximately $100 million.

This press release contains forward-looking statements that involve a number of risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Many factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information: P.R. Raboud, CEO or S.R. Entwistle, CFO, Bird Construction Company Limited As Administrator of Bird Construction Income Fund, 5403 Eglinton Avenue West, Toronto, Ontario, M9C 5K6, Phone: [phone], Fax [phone]